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Wonder Mountain Company operates a snow sports resort for skiers and snowboarders. The company has...

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Accounting

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Wonder Mountain Company operates a snow sports resort for skiers and snowboarders. The company has recently decided to replace an existing old chair lift with a new high-speed quad chair and expand the hill to allow for increased capacity. The chair lift was a $872,000 asset on the books, 90% depreciated. The work was completed from April to November. Wonder Mountain incurred the following costs for the expansion: Required: Calculate the total cost for each asset: Required: Calculate the total cost for each asset

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