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What will the building net book value

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Reference no: EM133058034

Question - On December 31, 20x4, you purchase a building for $3,160,868. The building's useful life is expected to be 34 years after which it will have a residual value of $227,348. The diminishing balance method of depreciation is used at the rate of 5%. What will the building's net book value (cost less accumulated depreciation) be at the end of 20x7 (round to the nearest whole dollar)?

Reference no: EM133058034

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