Barry Company buys a new building for $1,000,000 on January 1, 2021. The building is...
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Accounting
Barry Company buys a new building for $1,000,000 on January 1, 2021. The building is depreciated using the double declining-balance depreciation method. The estimated residual value of the building is $80,000, and it has an expected useful life of 20 years. What is depreciation expense in 2022?
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