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Theta Corporation purchased a building for $200,000 on January 1, 20X1. The building has an estimated useful life of 25 years and a salvage value

Theta Corporation purchased a building for $200,000 on January 1, 20X1. The building has an estimated useful life of 25 years and a salvage value of $20,000. Calculate the depreciation expense for each year using the straight-line method.

                 

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