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Question 55 (10 points) If Land costs $18,000 and the fence that was built later,...

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Accounting

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Question 55 (10 points) If Land costs $18,000 and the fence that was built later, costs $5,000 and the driveway cost $3,000 to construct and there is no salvage value for any of the assets, what is the total depreciable basis for the assets? View hint for Question 55 Question 56 (10 points) If Merchandise Available for Sale is $1.300 and Cost of Goods Sold is $500, then ending inventory must be View hint for Question 56 Question 57 (10 points) The sale of a building should be classified as an Investing Activity on the Cash Flow Statement. a) True b) False

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