Question: please help answerr this question and i can't find the staright- line of depreciation please help!!! Shahio Company bought a building for $86,000 cash and
Shahio Company bought a building for $86,000 cash and the tand on which it was located for $122,000 cash. The company paid transfer costs of $9,000 ($4,000 for the building and $5,000 for the land). Renovation costs on the building before it could be used were $22,000, Required: 1. Prepare the journal entry to record the purchase of the property, including all relevant expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
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