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Xi Industries acquired a building for $1,000,000. The building has an estimated useful life of 40 years and a salvage value of $100,000. Calculate the
Xi Industries acquired a building for $1,000,000. The building has an estimated useful life of 40 years and a salvage value of $100,000. Calculate the annual depreciation expense using the straight-line method, the book value of the building after 20 years, the accumulated depreciation after 15 years, and the total depreciation expense over the building's useful life.
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