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1:15:59 Carter Philippi: Attempt 1 Question 3 (4 points) On July 31, 20X7, Night Deliveries...

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Accounting

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1:15:59 Carter Philippi: Attempt 1 Question 3 (4 points) On July 31, 20X7, Night Deliveries has a building destroyed by a fire. The building originally cost $480,000 on January 1, 20x1, and had been depreciated for $53,000 per year. Their insurance gives the company S00,000 for the damages. Assume a December 31 year end and that the company has alrendy recorded the current year's depreciation Record the July 31 entry for the involuntary conversion. Please copy and paste the blank table below into your answer field and type in the necessary information to that not all lines may be needed. Date Account Debit Credit Paragraph v BIU

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