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Compute depreciation expense assuming that US GAAP is used

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Question - SMC Company purchases a building for $109,000. Included in this cost are $11,800 for electrical systems and $13,200 for the roof. The building is expected to have a 40-year useful life, but the electrical system will last for 20 years and the roof will last 15 years.

Assuming that straight-line depreciation is used, compute depreciation expense assuming that U.S. GAAP is used.

Reference no: EM132563256

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