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1.) Demolish Co. uses the cost recovery method (traditional accounting based on old USGAAP). The records of Demolish Co. show the following information: Sales 20x1

1.) Demolish Co. uses the "cost recovery method" (traditional accounting based on old USGAAP). The records of Demolish Co. show the following information: Sales 20x1 - 10,000 20x2 - 15,000 Cost of sal...

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