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Bridge City Consulting bought a building and the land on which it is located for $ cash. The land is estimated to represent percent of the purchase price. The company paid $ for building renovations before it was ready for use.
Compute straightline depreciation on the building at the end of one year, assuming an estimated year useful life and a $ estimated residual value. Do not round intermediate calculations.
What should be the book value of the land and the building at the end of year
table StraightLine Depreciation,a Land,$
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