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Prepare a lease schedule and journal entry for leasehold improvements. Leasehold Improvements: $142,400 (start on 1 September 2019) Useful life: 40 years Depreciation rate (Straight-Line):

Prepare a lease schedule and journal entry for leasehold improvements.

Leasehold Improvements: $142,400 (start on 1 September 2019)

Useful life: 40 years

Depreciation rate (Straight-Line): 2.5% pa.

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