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chicagotech buys bostontech Inc. for $30,000 in cash. bostontech. only has $10,000 in land. The land is expected to be used for 20 months. Record

chicagotech buys bostontech Inc. for $30,000 in cash. bostontech. only has $10,000 in land. The land is expected to be used for 20 months.

Record the journal transactions

Do we record depreciation here?

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