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Testbank Question 36 Consider an asset that was separated into its main components (A, B, and C). The $1,200,000 purchase price was allocated to these
Testbank Question 36 Consider an asset that was separated into its main components (A, B, and C). The $1,200,000 purchase price was allocated to these components in equal proportions. The useful lives are 12, 4, and 7 years for components A, B, and C respectively. Components A and B are not expected to have any residual value, but Component C is expected to have a residual value of $18,000. Assuming straight-line depreciation, total annual depreciation expense, to the nearest dollar, relating to these assets is $100,100. $125,120. $187,905. $190,476
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