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Business, 04.04.2020 04:27 lilly198o

Shahia Company bought a building for $382,000 cash and the land on which it was located for $107,000 cash. The company paid transfer costs of $9,000 ($3,000 for the building and $6,000 for the land). Renovation costs on the building before it could be used were $21,000. 2. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $15,000 estimated residual value.

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Shahia Company bought a building for $382,000 cash and the land on which it was located for $107,000...

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