Required information [The following information applies to the questions displayed below.] Shahia Company...
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Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $82,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $16,000 ( $6,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $33,000. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $12,000 estimated sidual value
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Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $82,000 cash and the land on which it was located for $113,000 cash. The company paid transfer costs of $16,000 ( $6,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $33,000. Compute straight-line depreciation at the end of one year, assuming an estimated 10-year useful life and a $12,000 estimated sidual value 
