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please hurry - robert co purchases land and constructs a service station and car wash for a total of $ 5 2 0 , 0
please hurry robert co purchases land and constructs a service station and car wash for a total of $ At Januar when construction is completed, the facility and land on which it was constructed are sold to a major oil company for $ and immediately leased from the oul company by Robert. Fair value of the land at time of sale was $ The lease is a year, noncancelable lease. Robert used the straight line depreciation for its other various business holdings. THe economic life of the fain from saleleaseback recognized by the seller lessee for should be:
a
b
c
d
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