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thanks Aequired intormation (The followisg information applies to the questions ossolayd beiow) Xovier Construction negotates a lump.sum purchase of several assets from a company that
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Aequired intormation (The followisg information applies to the questions ossolayd beiow) Xovier Construction negotates a lump.sum purchase of several assets from a company that ia going out of business. The purchase is completed on Jonuary t, 202t, ot a total cost pice of 5737500 for a bulding, land, and lemprovements, and four vohicies. The estimated market values of the ascets aro bulleing. 5405,000 , land, 52 .lia.000, and imgrowemente. \$42,500, and fou vehicies, 5110,500. The compeny= firancial year ends en becember 31. 3. Compute the deprecation expense for year 2021 on the land improvements ossiming a flve-ywor life and double-decinirg-obiance depreciation Step by Step Solution
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