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E10-16 (Asset Acquisition) Hayes Industries purchased the following assets and constructed a building as well....

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Accounting

E10-16 (Asset Acquisition) Hayes Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $100,000 cash. The following information was gathered. Depreciation to Initial Cost on Date on Seller

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