10-1A Straight-line depreciation

rcises p. 499 PE 10-1A Straight-line depreciation OBJ. 2 A building acquired at the beginning of the year at a cost of $1,630,000 has an estimated residual value of $340,000 and an estimated useful life of 10 years. Determine (a) the depreciable cost, (b) the straight-line rate, and (c) the annual straight-line depreciation