Question: Please Explain Please Help figure this out entry table.) Drive and Fly depreciates land improvements over 25 years, buildings over 30 years, and furniture over

Please Explain

depreciates land improvements over 25 years, buildings over 30 years, and furniture

over 8 years, all on a straight-line basis with zero residual value.

Please Help figure this out

entry table.) Drive and Fly depreciates land improvements over 25 years, buildings over 30 years, and furniture over 8 years, all on a straight-line basis with zero residual value. Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on August 1. Record partial-year depreciation for the year ended December 31 . Round to the nearest dollar

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