At november 30 the company owned land and a building. the, Ask an Expert

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At November 30 the company owned land and a building. The land cost 24, 000 and now has a value of 32,000. The building's cost of 88,800 is near its current value if sold. The building has an estimated life of 40 years with no residual value. It is currently 10 years old.

Create a journal entry if there is one, If not describe why?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M984186

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