Computing Partial Period, Straight-Line Depreciation Garcia Company purchased a building for $1,250,000 on March 1,...
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Computing Partial Period, Straight-Line Depreciation Garcia Company purchased a building for $1,250,000 on March 1, 2020, with an esthrated residual value of $100,000. Assuming a useful fe of 60 years and that the company uses the straight-line depreciation method, compute depreciation expense for 2020. Note: Carry all decimals in calculations; round the final answer to the nearest doilar, Depreciation expense in 2020: $ 9.582 X Check
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