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How long does a building last

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Question - How long does a building last? For purposes of computing depreciation expense, most companies estimate about 30 or 40 years. However, the Empire State Building was built in 1931, and it's not likely to be torn down anytime soon. Moreover, how about Windsor Castle? While these are not typical examples, they illustrate the difficulty in estimating in advance just how long depreciable assets may remain in use. Discuss.

Reference no: EM132619566

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