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  2. RCCA Accounts 2011Final-3

    https://www.fitz.cam.ac.uk/sites/default/files/mi-client/media/accounts/Accounts2011.pdf
    15 Dec 2011: cost and are depreciated on a straight line basis over their expected useful economic life of 50 years. ... Maintenance of premises The cost of major refurbishment is capitalised and depreciated over the expected useful economic life of the asset

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