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Backroad Company purch Backroad Company purchased a plot of land for $100,000 on January 1 . It plans to hold the land for 7 years

Backroad Company purch

Backroad Company purchased a plot of land for $100,000 on January 1 . It plans to hold the land for 7 years and then sell it. What is the amount of annual depreciation to be recorded? Select one: A. $1,190 B. $0 C. $14,286 0. 410,000

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