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Revision of Depreciation A warehouse with a cost of $751,000 has an estimated residual value of $92, 200, has an estimated useful life of 27
Revision of Depreciation A warehouse with a cost of $751,000 has an estimated residual value of $92, 200, has an estimated useful life of 27 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $ b. Determine the book value after 13 full years of use. $ c. Assuming that at the start of year 14 the remaining life is estimated to be 17 years and the residual value is estimated to be $85, 300, determine the depreciation expense for each of the remaining 17 years. $
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