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Ivanhoe Company Ltd. buys equipment on January 1, 2023, for $437,000 cash. The asset is expected to have a useful life of 12 years and

Ivanhoe Company Ltd. buys equipment on January 1, 2023, for $437,000 cash. The asset is expected to have a useful life of 12 years and a residual value of $35,000. Ivanhoe prepares financial statement 2 answers

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