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Answer the following: On December 31 of the current year, adjusting entries are to be recorded to recognize the annual depreciation on the fixed assets

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Answer the following:

On December 31 of the current year, adjusting entries are to be recorded to recognize the annual depreciation on the fixed assets for financial statement purposes. e. What is the undepreciated cost of the building on December 31? f. What is the book value of the equipment on December 31

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