Lil Wayne purchased a building for $900,000. After the company recorded depreciation expense for 3...
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Accounting
Lil Wayne purchased a building for $900,000. After the company recorded depreciation expense for 3 years the the building was sold for $1,000,000 and reported a gain on sale of the building of $400,000? If the company used straight line deprecation, what was the annual depreciation expense?
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