The building of a subsidiary acquired January 1, 20x5 has a cost and accumulated depreciation...
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Accounting
The building of a subsidiary acquired January 1, 20x5 has a cost and accumulated depreciation of 450000 and 105000, respectively. The building is appraised at 405000 at the acquisition date. Assuming he building has a twenty-year remaining life, what is the amount of the purchase differential amortization to depreciation expense in 20x7?
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