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in 1 9 9 8 swifty company completed the construction of the building at a cost of $ 4 , 1 2 0 , 0

in 1998 swifty company completed the construction of the building at a cost of $4,120,000 and first occupied it in January 1999. it was estimated that the building will have a useful life of 40 years and a salvage value of $201,800 at the end of that time. early in 2007, an addition to the building was constructed at a cost of $1,545,000. at that time it was estimated that the remaining life of the building would be, as originally estimated, an additional 32 years, and that the addition would have a life of 32 years, and a salvage value of $21,800. in 2027, it is determined that the probable life of the building and addition will extend to the end of 2048 or 10 years beyond the original estimate. using the straight line method, compute the annual depreciation that would have been charged from 1999 through 2006.

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