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What will be the depreciation on the building

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Question - The Seliger Company has a building that it originally bought for $100,000.  As of December 31, 2012, there is $10,000 of Accumulated Depreciation on the building (it was being straight-line depreciated over 10 years with no salvage value). On January 1, 2013, Seliger decides to change the remaining useful life to 5 years (starting now) with a $50,000 salvage value. What will be the depreciation on the building in 2013?

Reference no: EM133003688

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