Question: Problem 1 . Linear Depreciation. 1 0 points. An office building worth $ 2 5 million when it was completed in 2 0 2 4

Problem 1. Linear Depreciation. 10 points.
An office building worth $25 million when it was completed in 2024 is being depreciated linearly over 40 years with a scrap value of $3 million.
a) What is the rate of depreciation?
b) What will be the book value of the building in 2041?
Problem 1. Linear Depreciation. 10 points. An office building worth $25

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