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On January 2,2020,Simmons company purchased land lost cost 780,000 a on the land that cost 1260000and equipment that cost 43000 the building has an estimated

On January 2,2020,Simmons company purchased land lost cost 780,000 a on the land that cost 1260000and equipment that cost 43000 the building has an estimated useful life of 21 years . The equipment has an estimated useful life of 10 years

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