An American company has a residential building that was placed on service on August 1, 2010. The building costs $540,000 including $140,000 for the cost of land. It will depreciated in 27.5 years. What is the depreciation for the first year ? 5,454.54 7,363.63 6,060.60 8,181.81

An American company has a residential building that was placed on service on August 1, 2010. The building costs $540,000 including $140,000 for the cost of land. It will depreciated in 27.5 years. What is the depreciation for the first year ? 5,454.54 7,363.63 6,060.60 8,181.81

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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An American company has a residential building that was placed on service on August 1, 2010. The building costs $540,000 including $140,000 for the cost of
land. It will depreciated in 27.5 years. What is the depreciation for the first year ?
5,454.54
7,363.63
6,060.60
8,181.81

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