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Also find the building carrying amoung using double decline method Also fund the depreciation expense assuming striaght line method with ASPE Show Attempt History Current

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image text in transcribedAlso find the building carrying amoung using double decline method
Also fund the depreciation expense assuming striaght line method with ASPE
Show Attempt History Current Attempt in Progress Marigold Corp. acquired a property on September 15, 2020, for $250,000, paying $3,200 in transfer taxes and a $2.500 real estate Tee. Based on the provincial assessment information. 75% of the property's value was related to the building and 25% to the land it is estimated that the building, with proper maintenance will last for 20 years, at which time it will be torn down and have zero salvage value. Marigold, however, expects to use it for 10 years only, as it is not expected to suit the company's purposes after that. The company should be able to sell the property for $155,000 at that time with $51,000 of this amount being for the land. Marigold prepares financial statements in accordance with IFRS. Depreciation expense should be calculated to the nearest half month, Assuming a December 31 year end, identify the depreciation expense for 2020, assuming the straight-line method. (Do not round intermediate calculations and round answer to decimal places, eg. 5,275) Depreciation expense for 2020

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