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Using the template given, calculate the depreciation for each of the first five years of the assets life given the following information. Exercise One A

Using the template given, calculate the depreciation for each of the first five years of the assets life given the following information.

Exercise One

A building was purchased on May 1 for $113,000. It was expected to last for 25 years and have a salvage value of $5,000. Use the straight line method.

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