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i need help Enzo Corp. has the following account balances related to land and a building as of April 1, 2023: The building was purchased
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Enzo Corp. has the following account balances related to land and a building as of April 1, 2023: The building was purchased several years ago and is used in the business. In April of 2023, the following transactions occurred related to the building: - On April 1, the building was demolished at the cost of $25,000 cash. - On April 12, scrap metal generated from the demolition was sold for $8,000 cash. - On April 30, Enzo Corp. recorded the full disposal of the building. The April 30 journal entry should include a: (Recommendation: Prepare JEs on scrap paper) A. Loss of $12,025,000 B. Loss of $12,017,000 C. Loss of $12,000,000 D. Loss of $16,000,000 E. Loss of $12,033,000 Step by Step Solution
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