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An Office Building Worth $1 Million When Completed in 2000

Question 1

Essay

An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 years.
What will be the book value of the building in 2048? (Assume the scrap value is $0.)
$ __________
What will be the book value of the building in 2072? (Assume the scrap value is $0.)
$ __________

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