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company 1 buys a store for $98,000, expects to use it for Five years, and then sell it for $6,800. Using the straight-line method, the

company 1 buys a store for $98,000, expects to use it for Five years, and then sell it for $6,800. Using the straight-line method, the company should report annual depreciation for the store of:

Multiple Choice

  • $18,240.

  • $19,600.

  • $36,480.

  • $41,380.

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