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Calculate the annual depreciation charge

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Question - Wilson Limited applied the straight-line method of depreciation to its non-current assets. The cost of the buildings was $640000, the depreciable amount is $560000, the residual value is $80 000 and the useful life is 8 years. The annual depreciation charge is:

a. $80,000

b. $75,000

c. $70,000

d. $60,000

Reference no: EM131704850

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