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The fixed assets have estimated useful lives as follows: The Building and the Office Equipmenthave the following estimated useful lives: Building - 31.5 years Office
The fixed assets have estimated useful lives as follows: The Building and the Office Equipmenthave the following estimated useful lives: Building - 31.5 years Office Equipment - 7.0 years Management has decided that assets purchased during a month are treated as if purchased on the first day of the month.The building's salvage value is $8,500.00. The office equipment has a salvage value of $450.00.Calculate the depreciation for one month using the straight-line method of depreciation.
how do I calculate the depreciation?
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