On June 30, RB Engineering and Consultancy purchased land - fair value at $1,300,000, a building-fair...
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On June 30, RB Engineering and Consultancy purchased land - fair value at $1,300,000, a building-fair value at $1,200,000 and parking lot - fair value at $500,000. RB Engineering and Consultancy paid $2,200,000 cash for these three. b) The building that was purchased in the middle of the year, June 30, has an estimated useful life of 10 years and no residual value. Complete the five-year schedule. RB Engineering and Consultancy uses the actual number of months to depreciate the building in 2019 and full depreciation in the following years. Cost of the Building Depreciation Expense Accumulated Depreciation Net Book Value Year 2019 2020 2021 2022 2023 On June 30, RB Engineering and Consultancy purchased land - fair value at $1,300,000, a building-fair value at $1,200,000 and parking lot - fair value at $500,000. RB Engineering and Consultancy paid $2,200,000 cash for these three. b) The building that was purchased in the middle of the year, June 30, has an estimated useful life of 10 years and no residual value. Complete the five-year schedule. RB Engineering and Consultancy uses the actual number of months to depreciate the building in 2019 and full depreciation in the following years. Cost of the Building Depreciation Expense Accumulated Depreciation Net Book Value Year 2019 2020 2021 2022 2023
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