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need help, really desperate for this one E6-4 Computing and Recording Cost and Deprecletion of Assets in a Basket Purchase (Stralght-Line Depreciation) LO8-2, 8-3 trender
need help, really desperate for this one
E6-4 Computing and Recording Cost and Deprecletion of Assets in a Basket Purchase (Stralght-Line Depreciation) LO8-2, 8-3 trender coms of 52800 . Renovaton costs on the bulding were 334.960 . An Independert bporalser prowded meriet veues for the and $100,000, and buiding, $760,000 before refowion. Reaulreat. 1. Appotion the coat of the properver on the basis of the appralesd vul Jes. (Inpin all amoums as posilive valuek.) 2. Prepse the joumal enty te recend the purchase of de builing and and including all expendourcs. Asseme that ali tranazcions jeurnel entry requlred" In the firet ecseunt fieid. Wase bites outs its tart ancirs. 3. Compue deprecistion of the bui cing ot the end of one yeac using the sxaignt ine mevhod. Assume an estimated useful Ife of 12 4. What would be the camying amo unt of the property lbulding and and, ge the end of year 2 ? E6-4 Computing and Recording Cost and Deprecletion of Assets in a Basket Purchase (Stralght-Line Depreciation) LO8-2, 8-3 trender coms of 52800 . Renovaton costs on the bulding were 334.960 . An Independert bporalser prowded meriet veues for the and $100,000, and buiding, $760,000 before refowion. Reaulreat. 1. Appotion the coat of the properver on the basis of the appralesd vul Jes. (Inpin all amoums as posilive valuek.) 2. Prepse the joumal enty te recend the purchase of de builing and and including all expendourcs. Asseme that ali tranazcions jeurnel entry requlred" In the firet ecseunt fieid. Wase bites outs its tart ancirs. 3. Compue deprecistion of the bui cing ot the end of one yeac using the sxaignt ine mevhod. Assume an estimated useful Ife of 12 4. What would be the camying amo unt of the property lbulding and and, ge the end of year 2Step by Step Solution
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