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Please Show Work. Thank you. March 15 Journal entry 0.0/2.0 points (graded) 3/15/20X1: JPM purchased a building for $80,000. The company paid 20% in cash
Please Show Work. Thank you.
March 15 Journal entry 0.0/2.0 points (graded) 3/15/20X1: JPM purchased a building for $80,000. The company paid 20% in cash and signed a note for the balance. The building, which is expected to be useful for 25 years and have a $25,000 salvage value will be depreciated using the double declining balance method. Select an option 3/15/20X1 Cash Building Accounts Payable Notes Payable Accumulated Depreciation Select an option Select an optionStep by Step Solution
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