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3. Please help me with all requirements! Thank you so much, I appreciate it and will upvote :))) 2021. Ming's depreciates the building using the
3. Please help me with all requirements! Thank you so much, I appreciate it and will upvote :)))
2021. Ming's depreciates the building using the straight-line method over 35 years, with estimated residual value of $339,000. Read the requirements. 2021. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Journalize the purchase of the land. Requirements 1. Journalize transactions for the following (explanations are not required): a. Purchase of the land b. All the costs chargeable to the building in a single entry c. Depreciation on the building for 2021 2. Report Ming's plant assets on the company's balance sheet at December 31, 2021 . 3. What will Ming's income statement for the year ended December 31,2021 , report for these factsStep by Step Solution
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