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Investing Lesson 4
Quiz: Analyzing an Income Statement

For $4,000...

Ha!  You thought you were going to get off that easy?  We're not done with depreciation [just 'cause I threw in a goodwill question doesn't get you off the hook!]

Going back to our earlier example, calculate the depreciation charges of a building that cost $1,365,820 to build, has a salvage value of $25,390, and an estimated useful life of 30 years, using the Sum of the Years Digits method.

a) $73,209.28 b) $81,533.30
c) $86,479.35 d) $123,109.07


 

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