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Transaction 4 - Buy land and building for $1,100,000 in cash. [4-1] Record this transaction. The land cost is $200,000. The residual value of the

Transaction 4 - Buy land and building for $1,100,000 in cash.

[4-1]

  1. Record this transaction.
  2. The land cost is $200,000. The residual value of the building is $220,000. What is the depreciable value of the building?

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