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What would be the loss at disposal of the asset

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Question - A building was purchased for 1,200,000 has an estimated life of 40 years and a residual value of 300,000.

a) What would be the annual depreciation using straight line.

b) What would be the value of the building after 30 years.

c) If the building was sold after 30 years for 500,000 what would be the loss at disposal of the asset.

Reference no: EM133087652

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