Question: Record the Adjusting entry in the general journal Dec. 1 Purchased a building for $56,000. Paid $2,000 in attorney fees, $4,000 in remodeling costs to

Record the Adjusting entry in the general journal Dec. 1 Purchased

a building for $56,000. Paid $2,000 in attorney fees, $4,000 in remodeling

Record the Adjusting entry in the general journal

Dec. 1 Purchased a building for $56,000. Paid $2,000 in attorney fees, $4,000 in remodeling costs to get the building ready for use. The building has a 25- year useful life with residual value of $2,000. Adj-3 Dec. 31 Record one month of depreciation for the building purchased on December 1st. Ad: 3 Dec. 31 Adj. 3 Dec. 31

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