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  2. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED ...

    https://www.wolfson.cam.ac.uk/sites/default/files/2018-08/rccawolfson1516.pdf
    10 Nov 2016: Buildings and capital improvements are depreciated on a straight line basis over their expected useful economic life of 20-50 years (2%-5% per annum). ... Heritage assets are not depreciated since their long economic life and high residual value mean

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