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Requlred information [The following information applies to the questions displayed below.] Shahla Company bought a buliding for $82,000 cash and the land on which it

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Requlred information [The following information applies to the questions displayed below.] Shahla Company bought a buliding for $82,000 cash and the land on which it was located for $108,000cash. The company paid transfer costs of $11,000 ( $4,000 for the building and $7,000 for the land). Renovation costs on the bullding were $24,000 2. Compute straight-ine depreciation at the end of one year, assuming an estimated 10 -year useful life and a $18,000 estimated residual value

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