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Data table Park and Go, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building:
Data table Park and Go, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: (Click the icon to view the financial data.) Park and Go depreciates land improvements over 20 years, buildings over 50 years, and furniture over eight years, all on a straight-line basis with zero residual value. Requirements 1. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on July 1 . Record partial-year depreciation expense for the year ended December 31 . Requirement 1. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. Begin by listing each cost for items a. through i. first, followed by items j. through q. Then determine the total cost of each asset. (Leave any unused cells blank.)
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