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Revision of Depreciation A building with a cost of $1,260,000 has an estimated residual value of $504,000, has an estimated useful life of 36 years,
Revision of Depreciation A building with a cost of $1,260,000 has an estimated residual value of $504,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the twentieth year of use? c. If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $360,000, what is the depreciation expense for each of the remaining 20 years
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