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straight line depreciation is 10,900 Required information [The following information applies to the questions...

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Accounting

imagestraight line depreciation is 10,900

Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $82,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $16,000 ( $6,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $33,000. 3. Determine the net book value of the property (land and building) at the end of year 2 . Note: Amounts to be deducted should be indicated by a minus sign

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