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500,000 Building Retained E 500,000 500 000 B Building Common Stock 500,000 500.000 Ganso Receipt of Donated Property 500.000 500 000 D Building Sales Revenge

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500,000 Building Retained E 500,000 500 000 B Building Common Stock 500,000 500.000 Ganso Receipt of Donated Property 500.000 500 000 D Building Sales Revenge 500.000 No journal estry should be made 9. Bonner Corp. began leasing retail space at Crabtree Valley Mall on November 1, 2019. Prior to the opening of its store, it spent $10,000 on special lighting for the store. The lease term is ten (10) years and the special lighting has an economic life of five (5) years. Which of the following statements shows the correct accounting treatment for the new lighting in 2019? A. Bonner should debit its "Leasehold Improvements" account for $10,000 and depreciate the lighting over its economic life of five (5) years. B. Bonner should debit its "Leasehold Improvements account for $10,000 and depreciate the lighting over the lease term of ten (10) years. C. Bonner should debit its "Leasehold Improvements" account for $10,000 but should not depreciate the lighting. D. Bonner should debit its "Repairs and Maintenance Expense" ac- count by the full $10,000 E. Bonner should debit its "Cost of Goods Sold account by the full $10,000 10. An enterprise donated a building to Wolfpack Corp. The building has an appraisal value of $500,000. Which of the following shows the correct journal entry, if applicable, that Wolfpack should make to record this donated property

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