中级财务会计求答案

A company purchased a building on Jan.1 at $40.2 million. Thisbuilding had a residual value of $0.2 million and a 20-year useful life.Suppose the company uses straight-line depreciation method.
Required:
1. Compute the building’s annual depreciation.
2. Make the journal entryto record the depreciation for the first year.

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