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The annual straight-line depreciation

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Reference no: EM131128139

A building acquired at the beginning of the year at a cost of $485,000 has an estimated residual value of $75,000 and an estimated useful life of 25 years. Determine 

(a) The depreciable cost, 

(b) The straight-line rate, and 

(c) The annual straight-line depreciation

Reference no: EM131128139

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