EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780135231906
Author: Evans
Publisher: VST
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KM Corp. constructed a warehouse at a cost of $32,500,000. Actual interest incurred was $1,250,000, and avoidable interest was $675,000(part of calculation). The salvage value is $2,800,000, and the useful life is 45 years. Using the straight-line method, what is the depreciation expense for the first full year?
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