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On January 2, 2021, Hall Company purchased land that cost $630,000, a building on the land that cost $1,160,000, and equipment that cost $27,000. The
On January 2, 2021, Hall Company purchased land that cost $630,000, a building on the land that cost $1,160,000, and equipment that cost $27,000. The building has an estimated useful life of 29 years. The equipment has an estimated useful life of 6 years. Required: Prepare the property, plant, and equipment section of the balance sheet as of December 31, 2021. Note: Use straight-line depreciation with no salvage value. Hall Company Balance Sheet (partial) December 31 Property, Plant, and Equipment (Choose one) Total Property, Plant, and Equipment
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