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A medical school has recently built a new building for $12,000,000 on 1/01/20X0 and would like to put it on a straight line depreciation amortization
A medical school has recently built a new building for $12,000,000 on 1/01/20X0 and would like to put it on a straight line depreciation amortization schedule. Useful life was provided at 50 years and salvage value listed as $1,500,000 cacluate the following:
a. the total depreciation expense amount over the useful life for the building
b the annual depreciation expense for the equipment
c the depreciation expense account value for the building on 12/01/20X3
d the accumlated depreciation account vaule for the building on 8/01/20X9
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