The Lark Company purchases a warehouse on July 1, 2015 for $120,000. They assign the...
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Accounting
The Lark Company purchases a warehouse on July 1, 2015 for $120,000. They assign the warehouse a useful life of 20 years a. Calculate the annual depreciation expense that Lark must recognize for the warehouse over the next 20 years b. Calculate the accumulated depreciation on the warehouse as of June 30, 2017. c. Calculate the net book value of the warehouse as of December 31, 2018
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