On Oct 1, 2010, Company Ronaldo purchased a building at $1,500,000. The building is depreciated using the diminishing balance method. The depreciation rate is 20%. The salvage value of the building at the end of its useful life is estimated at $110,000 what is the amount of depreciation expense for 2010? Depreciation expense each year till 2020 with entries and also prepare depreciation schedule? The accounting year is from Jan – Dec.

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