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A building acquired at the beginning of the year at a cost of $105,000 has...

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Accounting

A building acquired at the beginning of the year at a cost of $105,000 has an estimated residual value of $4,000 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 $

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