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I need help with these three questions its due in 30 min Chapter 11 HW E connect ACCOUNTING Chapter 11 HW Question 3 (of 21)

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Chapter 11 HW E connect ACCOUNTING Chapter 11 HW Question 3 (of 21) 3. 10.00 points Funseth Company purchased a five-story office building on January 1, 2014, at a cost of $8,400,000. The building has a residual value of $126,000 and a 30-year life. The straight-line depreciation method is used On June 30, 2016, construction of a sixth floor was completed at a cost of $2,365,000 Required: Calculate the depreciation on the building and building addition for 2016 and 2017 assuming that the addition did not change the life or residual value of the building. $ 275,800 per year ing Addit 2016 S 318,800 2017s 361,800

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