Company owned land and a building


At November 30 the company owned land and a building. The land cost 20,000 and now has a value of 30,000. The building cost 86,400 but is now valued at 96,000. The building has an estimated life of 40 years with no residual value. It is currently 10 years old.

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Accounting Basics: Company owned land and a building
Reference No:- TGS081187

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