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Please show all step so I can fully understand how to solve. thank you
On December 31, 20x4, you purchase a building for $2876450. The building's useful life is expected to be 31 years after which it will have a residual value of $279682. The straight- line method of depreciation is used. What will the building's net book value (cost less accumulated depreciation) be at the end of 20x7? Select one: a. $2226404 O b. $2466196 c. $2598084 o d. $2625150 Check
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