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Revision of depreciation A building with a cost of $ 5 6 2 , 5 0 0 has an estimated residual value of $ 1
Revision of depreciation
A building with a cost of $ has an estimated residual value of $ has an estimated useful life of years, and is depreciated by the straightline 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 tenth year of use?
G
c If at the start of the eleventh year it is estimated that the remaining life is years and that the residual value is $ what is the depreciation expense for each of the remaining years?
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