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On January 1, 2023, Wheeler Inc (a calendar year end business) purchases a building for $2,000,000 and places it into service. When Wheeler Inc records

On January 1, 2023, Wheeler Inc (a calendar year end business) purchases a building for $2,000,000 and places it into service. When Wheeler Inc records depreciation on the building on December 31, 2023, it will increase depreciation expense and

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