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Suppose that Mizzou plans to depreciate the multipurpose sports building from its initial cost of $50 million over its estimated life of five years to
Suppose that Mizzou plans to depreciate the multipurpose sports building from its initial cost of $50 million over its estimated life of five years to a salvage value of $10 million. This implies that the annual depreciation expense is _________ while the assets book value at the end of the fifth year is __________.
Group of answer choices
$8 million; $0 million
$8 million; $10 million
$10 million; $0 million
$10 million; $10 million
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