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on 1 july 2022 wow purchased land a building for a lump sum payment of...

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Accounting

on 1 july 2022 wow purchased land a building for a lump sum payment of $400000. an individual expert valued the land at $150000 and the building at $300000. the land is not depreciable. the building is estimated to have a 20 year useful life with no residual value. a reduced balance method at a 10% annu depericiation rate is used for the buildind depriciation

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