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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $101,900 has an estimated residual value of $3,900 and an

Straight-Line Depreciation

A building acquired at the beginning of the year at a cost of $101,900 has an estimated residual value of $3,900 and an estimated useful life of 10 years. Determine the following:

(a) The depreciable cost $
(b) The straight-line rate %
(c) The annual straight-line depreciation $

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