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Flemmons, Inc. purchased a building on May 1,201 for $2,200,000. The building has an estimated...

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Accounting

Flemmons, Inc. purchased a building on May 1,201 for $2,200,000. The building has an estimated useful life of twenty years and a
salvage value of $400,000. The double-declining-balance method is used to compute depreciation. What is the depreciation expense
for the year ending December 31,20X1?
$128,333
$120,000.
$146,667
$105,000.Flemmons, Inc. purchased a building on May 1,20X1 for $2,200,000. The building has an estimated usefule life of twenty years and a salvage value of $400,000. The double-decling balance method is used to compute depreciation. What is the depreciation expense for the year ending December 31,20X1?
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