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complete two questions Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $880,000. The estimated residual

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Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $880,000. The estimated residual value of the building is $58,000 and it has an expected useful life of 10 years. What is the building's book value at the end of the first year? As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 13 years old for $2,700 cash. The original cost of the shelves was $7.400 and they had been depreciated on a straight-line basis over an estimated useful life of 15 years with an estimated residual value of $1,700. Record the sale of the shelving units. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction ist Journal entry worksheet Record the sale of the shelving units. Land Note: Enter debits Loss on sale of store fixtures Note payable Note receivable Transaction 1 Debit Credit Patent Repair and maintenance expense Jewww

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