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Concord Corporation constructed a building at a cost of $30000000. Weighted-average accumulated expenditures were $11800000, actual interest was $1240000, and avoidable interest was $602000. If

Concord Corporation constructed a building at a cost of $30000000. Weighted-average accumulated expenditures were $11800000, actual interest was $1240000, and avoidable interest was $602000. If the salvage value is $2360000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is

  • $706050.
  • $737050.
  • $1001050.
  • $765050.

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