What is the depreciation expense for the first full year, Ask an Expert

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Mendenhall Corporation constructed a building at a cost of $10,000,000. Average accumulated expenditures were $4,000,000, actual interest was $800,000, and the usefull life is 40 years, what is the depreciation expense for the first full year using the straight-line method ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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