Butler Buildings purchased semi automated assembly and riveting robotics equipment for constructing its modular warehouse buildings. The
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Question:
Butler Buildings purchased semi automated assembly and riveting robotics equipment for constructing its modular warehouse buildings. The first cost was $475,000 and installation costs were $75,000; life is estimated at 10 years with a salvage of 15% of first cost. Use the SL method to determine
(a) annual depreciation, (b) book value after 5 years, and (c) book value after 7 years.
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