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13. Smith Company purchased land valued at $5,500,000 on October 1, 2010. The land should be depreciated using the following method(s) a. Straight-Line b. Units

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13. Smith Company purchased land valued at $5,500,000 on October 1, 2010. The land should be depreciated using the following method(s) a. Straight-Line b. Units of Activity c. 150% declining balance d. Either a or b e. Not applicable/None of the above

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