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Rod paid $1,000,000 for land and a new warehouse on April 14, 2012. the land was worth $50,000. He sold the warehouse and the land

Rod paid $1,000,000 for land and a new warehouse on April 14, 2012. the land was worth $50,000. He sold the warehouse and the land on September 29th 2017. 1. What is the life of the asset and why? Calculate the depreciation for 2012 and 2017.

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