Buff company purchased a building for 900000 cash on, Ask an Expert

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Buff Company purchased a building for $900,000 cash on October 1, 2009. The estimated life is 20 years and the salvage value is estimated at $100,000.

a.What is the depreciable cost?
b.What is the annual depreciation expense under the straight-line method?
c.Complete the following table using the straight-line method.
Year Ended Depreciation Expense Accumulated Depreciation Net Book Value

12/31/2009
12/31/2010

d.What will be the book value of the equipment on 12/31/10?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976479

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