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Please show journal entries for this transaction Purchased an existing bakery for cupcake production at a cost of $1,000,000 which is immediately operational. Expected useful

image text in transcribed Please show journal entries for this transaction

Purchased an existing bakery for cupcake production at a cost of $1,000,000 which is immediately operational. Expected useful 3/1/20 life on the building is 10 years and the relevant depreciation will be recorded using the straight line method. 21 calculate

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