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Company H started its business on January 1, 2011. It has purchased 3-insurance policies for various purposes and on various dates, which are: Insurance purchased

Company H started its business on January 1, 2011. It has purchased 3-insurance policies for various purposes and on various dates, which are:

Insurance purchased on Assets

Purchase price

Date of purchase

Policy period

Factory equipment

$608,000

January 1, 2011 4 years
Building

$113,900

January 1, 2012 6 months
Truck

$334,300

July 31, 2012 39 months

After adjusting the accounts at the end of December 31, 2012, what would be the amount of unexpired insurance that would be reported on the balance sheet as on December 31, 2012? (Round intermediate calculation to 0 decimal place.)

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