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of 3 Required information [The following information applies to the questions displayed below.) Shahia Company bought a building for $88,000 cash and the land on

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of 3 Required information [The following information applies to the questions displayed below.) Shahia Company bought a building for $88,000 cash and the land on which it was located for $126,000 cash. The company paid transfer costs of $10,000 ($7,000 for the building and $3,000 for the land). Renovation costs on the building before it could be used were $32,000. 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Book Hint Net book value of property at end of Year 2 Building $ 127.000 (Ao lated depreciation Land 129,000 Herences Net book value $ 278.400

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