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Pitman Hospital purchased a Building on January 1, 2021: Cost 8,000,000, Salvage Value, 1,600,00 Useful Life (40 Years) Assuming straight-line depreciation, what is the annual

Pitman Hospital purchased a Building on January 1, 2021: Cost 8,000,000, Salvage Value, 1,600,00 Useful Life (40 Years) Assuming straight-line depreciation, what is the annual depreciation expense?

320,000

160,000

480,000

640,000

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