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net book vaule & property ! Required information [The following information applies...

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Accounting

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! Required information [The following information applies to the questions displayed below) Shahia Company bought a building for $75,000 cash and the land on which it was located for $118,000 cash. The company paid transfer costs of $18,000 ($6,000 for the building and $12,000 for the land). Renovation costs on the building before it could be used were $19,000 3. What would be the net book value of the property (land and building) at the end of year 2? (Amounts to be deducted should be Indicated by a minus sign.) Net book value of property at end of Year 2 Net book value $

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