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The Company Purchased Land for $80,000. The Land is expected to last for all time. What depreciation adjustment can be made to land account? Dr.
The Company Purchased Land for $80,000. The Land is expected to last for all time. What depreciation adjustment can be made to land account? Dr. Depreciation Expense $80,000 Cr. Accumulated Depreciation $80,000 Dr. Accumulated Depreciation $80,000 Cr. Depreciation Expense 580,000 Dr. Depreciation Expense $5,000 Cr. Accumulated Depreciation 55,000 O No depreciation Expense for the Land
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