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Exercise 10-15 (Algorithmic)
Revision of Depreciation

A building with a cost of $765,000 has an estimated residual value of $153,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method.What is the amount of the annual depreciation?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982746

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