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Poplock LLC purchased a warehouse and land during the current year for $350,000. The purchased price was allocated as follows: $ 275,000 to the building
Poplock LLC purchased a warehouse and land during the current year for $350,000. The purchased price was allocated as follows: $ 275,000 to the building and $ 75,000 to the land . The property was placed in service on august 12. Calculate Poplock's maximum depreciation for this year, rounded to the nearest whole number A. $ 2,648 B. $ 3,371 C. $3,751 D $4,774 E. None of the choices are correct
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
