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Adobe Inc. purchased a building for $20,000,000 cash. The building has an estimated useful life of 15 years and a residual value of $2,000,000. Calculate
ยทAdobe Inc. purchased a building for $20,000,000 cash. The building has an estimated useful life of 15 years and a residual value of $2,000,000. Calculate the annual depreciation expense for the building using the units-of-production method. If Adobe Inc. produced 800,000 units in the first year, determine the depreciation expense for that year.
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