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10. A commercial building has a salvage value of $ 1 million after 50 years. Annual depreciation is $ 2 M. Using the Straight Line
10. A commercial building has a salvage value of $ 1 million after 50 years. Annual depreciation is $ 2 M. Using the Straight Line Method, how many years after should you sell the building for $30M? ( Straight line method ) Annual Depreciation = (FC - SV) Total Depreciation after five years = [(FC - SV) (5)] Book Value = FC - Total Depreciation
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