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Marjorie Corporation acquired a building on January 1, 2019 for $500,000. The building had an estimated useful life of 20 years and an estimated salvage

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Marjorie Corporation acquired a building on January 1, 2019 for $500,000. The building had an estimated useful life of 20 years and an estimated salvage value of $26.000On January 1, 2021. Marjorie Corporation determined that the building could only be used for another 10 years and there would be no salvage value Compute depreciation expense for the year ending December 31, 2021. ll Marjorie Corporation uses straight line depreciation O AS47 400 @ 8. $23.700 OCH $71 100 OD 545 260

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