The following table includes specific details related to four different assets owned by Shabra Ltd....
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Accounting
The following table includes specific details related to four different assets owned by Shabra Ltd. as at December 31, 2020. Shabra's fiscal year ends on December 31. The land and building were purchased on the same date for an aggregate price of $605,000. The company does not use the units-of-production method for depreciation, and assumes that the residual value for each asset is zero. Required: Determine the missing values in the below table. Land Building Machine Truck July 2, 2017 January 1, 2014 S 584,000 s 20,000 $ 20,000 10 years Straight line Double-declining balance Straight line $ 116,800 $ 14,000 Indefinite Date of purchase Acquisition cost Useful life Depreciation method Accumulated depreciation Carrying amount 40 years
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