Leslie, Inc., followed the practice of depreciating its building on a straight-line basis. A building...
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Leslie, Inc., followed the practice of depreciating its building on a straight-line basis. A building was purchased last year and had an estimated useful life of 25 years and a residual value of $20,000. The companys depreciation expense for last year was $15,000 on the building. What was the original cost of the building
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