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please help On January 1, Masterson Supply purchased a small storage building for $20,000 to be used over a five-year period. The building has no

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On January 1, Masterson Supply purchased a small storage building for $20,000 to be used over a five-year period. The building has no residual value. Early in the fourth year, the storage building burned down. Record the retirement of the remaining book value of the storage building. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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