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What is the total depreciation

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Question - Acute company was incorporated on January 1, 2017. in preparing the financial statements for the year ended December 31, 2019, the entity used the following original cost and useful life for the property, plant and equipment:

 

Original cost

Useful life

Building

15,000,000

15 years

Machinery

10,500,000

10 years

Furniture

3,500,000

7 years

On January 1, 2020, the entity determined that the remaining useful life is 10 years for the building, 7 years for the machinery and 5 years for the furniture.

The entity used the straight line method of depreciation with no residual value

What is the total depreciation for 2020?

Reference no: EM132602283

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