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The fixed assets have estimated useful lives as follows: Building - 3 1 . 5 years Computer Equipment - 5 . 0 years Office Equipment
The fixed assets have estimated useful lives as follows:
Building years
Computer Equipment years
Office Equipment years
Use the straightline method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The buildings scrap value is $ The office equipment has a scrap value of $ The computer equipment has no scrap value. Calculate the depreciation for one month. The buildings original cost was $ and the computer equipment $
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