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Could you solve clearly? Thanks a lot!! 10. Sami Co. had the following account balances at the beginning and end of 2010: Jan. 1. 2010
Could you solve clearly? Thanks a lot!!
10. Sami Co. had the following account balances at the beginning and end of 2010: Jan. 1. 2010 Dec. 31. 2010 Buildings $1,300,000 $1,860,000 Accumulated Depreciation - Buildings 741,000 703,000 During 2010, Sami Co. sold a building that originally cost $200,000 for $22,000. The building had value of $25,000. What was the cost of the buildings purchased during 2010? a. $560,000 b. $585,000 c. $598,000 d. $760,000 e. none of the above 11. How much depreciation expense was taken by Sami Co. during 2010? a. $162,000 b. $137,000 c. $ 38,000 d. $ 13,000 e. Cannot be determined from the information providedStep by Step Solution
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