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The following expenditures were incurred by Sarasota Company in purchasing land: cash price $83,000, accrued taxes $4.900, attorneys' fees $3,400, real estate broker's commission $1,700,

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The following expenditures were incurred by Sarasota Company in purchasing land: cash price $83,000, accrued taxes $4.900, attorneys' fees $3,400, real estate broker's commission $1,700, and clearing and grading $3,600. What is the cost of the land? Cost of the land $ Bramble Company acquires a delivery truck at a cost of $65.000. The truck is expected to have a salvage value of $2,000 at the end of its 5-year useful life. Assuming the declining balance depreciation rate is double the straight-line rate compute annual depreciation for the first and second years under the declining-balance method. Year 1 Year 2 Annual depreciation expense S

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