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! Required information [ The following information applies to the questions displayed below. ] Shahia Company bought a building for $ 8 2 , 0

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Required information
[The following information applies to the questions displayed below.]
Shahia Company bought a building for $82,000 cash and the land on which it was located for $116,000 cash. The company paid transfer costs of $10,000( $5,000 for the building and $5,000 for the land). Renovation costs on the building before it could be used were $18,000.
3. Determine the net book value of the property (land and building) at the end of year 2.
Note: Amounts to be deducted should be indicated by a minus sign.
\table[[Net book value of property at end of Year 2],[Building,],[Accumulated depreciation,],[Land,$
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