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A company acquired a building for $80.000 with an estimated useful life of 5 years and $30,000 salvage value. Company uses straight line method of

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A company acquired a building for $80.000 with an estimated useful life of 5 years and $30,000 salvage value. Company uses straight line method of depreciation and its accumulated depreciation for the first year is $2,500. The company had purchased the building on:* January 1 O April 1 September 1 October 1 None of the above

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