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3. Distinguish between depreciation and amortization. (1 point available) 4. Barber, Inc. depreciates its building on a straight-line basis. A building was purchased on January

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3. Distinguish between depreciation and amortization. (1 point available) 4. Barber, Inc. depreciates its building on a straight-line basis. A building was purchased on January 1 that had an estimated useful life of 20 years and a residual value of $20,000. The company's Depreciation Expense for that year was $20,000 on the building. What was the original cost of the building? ( 2 points available)

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