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Sunland Corporation uses the cost model to account for its property, plant, and equipment, which were acquired on January 1 , 2 0 2 3
Sunland Corporation uses the cost model to account for its property, plant, and equipment, which were acquired on January
for $ Sunland uses straightline depreciation and estimates the assets will have an eightyear life with no residual value.
Assuming Sunland did not experience any impairment losses, the December carrying amount of the assets is
$
$
$
$
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