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b) On January 1, 2021, Jane buys a nuclear plant for $1 billion. She estimates the plant will last 10 years and will cost $10
b) On January 1, 2021, Jane buys a nuclear plant for $1 billion. She estimates the plant will last 10 years and will cost $10 million to clean up and remove at the end of its useful life.
What is the necessary journal entry(s) for the above information?
How much total depreciation expense will Jane record in 2021 if she uses the straight-line method?
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