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This question is worth. Rod paid $1,000,000 for land and a new warehouse on April 14, 2012: the land was worth $50,000. He sold the

This question is worth. Rod paid $1,000,000 for land and a new warehouse on April 14, 2012: the land was worth $50,000. He sold the land and warehouse on September 29, 2017. What is the life of the asset and why? Calculate depreciation for 2012 and 2017

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