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Business, 20.03.2020 03:01 vrw28

Marjorie Corporation acquired a building on January 1, 2019, for $ 600 comma 000. The building had an estimated useful life of 20 years and an estimated salvage value of $ 26 comma 000. On January 1, 2021, Marjorie Corporation determined that the building could only be used for another 10 years and there would be no salvage value. Compute depreciation expense for the year ending December 31, 2021, if Marjorie Corporation uses straight minus line depreciation.

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Marjorie Corporation acquired a building on January 1, 2019, for $ 600 comma 000. The building had a...
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