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points) Pepperoni Pizza Restaurant operates in leased premises, on which the company has a 5-year lease. The company spent $50,000, making extensive improvements to the
points) Pepperoni Pizza Restaurant operates in leased premises, on which the company has a 5-year lease. The company spent $50,000, making extensive improvements to the building when it moved in. Under normal operating conditions these improvements would be useful for 10 years. Using the straight-line method, annual amortization of the store improvements would be $50,000 $10,000 $5.000 $2.000 the improvements should not be amortized because they belong to the building owner
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