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3. Improvements were made to the leased warehouse on 1.July.2010 at a cost of $ 18,000. The estimated life of the improvement is ten years.

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3. Improvements were made to the leased warehouse on 1.July.2010 at a cost of $ 18,000. The estimated life of the improvement is ten years. Lease contract terminates on 31. December 2017. Make necessary entries as of 31.12.2010 and 31.12.2011

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