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Shahia Company bought a building for $73,000 cash and the land on which it was located for $125,000 cash. The company paid transfer costs of
Shahia Company bought a building for $73,000 cash and the land on which it was located for $125,000 cash. The company paid transfer costs of $15,000 ($7,000 for the building and $8,000 for the land). Renovation costs on the building before it could be used were $22,000. 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be indicated by a minus sign.) Net book value of property at end of Year 2 Net book value
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