Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate. (c) The annual straight-line depreciation. %

FINANCIAL ACCOUNTING
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Straight-Line Depreciation
A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years.
Determine the following:
(a) The depreciable cost
(b) The straight-line rate
(c) The annual straight-line depreciation.
S
%
Transcribed Image Text:Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate (c) The annual straight-line depreciation. S %
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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