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On January 1 , 2 0 X 1 , Pagoda Pond Construction acquired a small excavator for $ 8 5 , 0 0 0 .

On January 1,20X1, Pagoda Pond Construction acquired a small excavator for $85,000. This device had a 4-year service life to Pagoda, at which time it is expected that the equipment will be sold for a $10,000 salvage value.

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