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October 1,1920, company purchased building for $1,500,000 with salvage value of $100,000 and useful life of 20 years. accountant failed to factor the salvage value
October 1,1920, company purchased building for $1,500,000 with salvage value of $100,000 and useful life of 20 years. accountant failed to factor the salvage value into original depreciation calculation when it was recorded at year-end. Assume straight-line depreciation is used. plus assume that depreciation expense for other assets was recorded correctly
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