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Calculate the annual depreciation charge

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Reference no: EM132090193

Question - A company buys a plane for $50m.The plane as a whole is expected to have useful life of 30 years. The engines, however will be replaced after 6 years. The cost of the engines which is $8.5m was included in the cost of the plane. Calculate the annual depreciation charge.

Reference no: EM132090193

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