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Anderson Company purchased a new building for $24,250,000 on 1/1/18. The building has a useful life of 30 years and an estimated salvage value of
- Anderson Company purchased a new building for $24,250,000 on 1/1/18. The building has a useful life of 30 years and an estimated salvage value of $250,000. Calculate the annual depreciation expense, accumulated depreciation, and net book value for the first 5 years only (on 12/31 of each year) using the straight-line method. Show your work.
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