Question
Not totally sure how to journalize this? Purchased a building and land for $200,000. The building has a 25-year expected useful life and a $10,000
Not totally sure how to journalize this?
Purchased a building and land for $200,000. The building has a 25-year expected useful life and a $10,000 expected salvage value. The land is valued at $80,000
I did credit cash $200,000 and Debit Land at 80,000 and debit building as 120,000?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
