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Question 9 5pts Marjorie Corporation acquired a building on January 1, 2018, for $660,000. The building had an estimated useful life of 15 years and

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Question 9 5pts Marjorie Corporation acquired a building on January 1, 2018, for $660,000. The building had an estimated useful life of 15 years and an estimated residual value of $60,000. On January 1, 2020, Marjorie Corporation determined that the building could only be used for a total of 12 years and there would be no residual value. Compute depreciation expense for the year ending December 31, 2020, if Marjorie Corporation uses straight-line depreciation. (round to the nearest dollar) $58,000 $48,333 O $54,000 O $63,290 O None of the above

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