Question
Bucasay corp purchased a parcel of land of the price of 2,800, 000 with a building on it, paid in note, on January 1, 2022.
1. Journal entry to record the transactions from Jan 1, 2022 to december 31, 2022
2. What is PPE LAPSING to NBV(net book value) at December 31, 2022
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
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