Solution-Audit the expense and accumulated depreciation of

Audit the expense and accumulated depreciation of assets

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Reference no: EM133061072

Question - ABC Corporation Asset Acquisition Data December 31, 2020 Asset Acquisition

Data

1. Vehicle for $ 86,500 with 8 years of useful life with $ 25,000 of residual value acquired in January 2017.

2. Building and land with a total of $ 2,014,175 with 30 years of useful life. The land cost $ 855,000 and the building has a salvage value of $ 330,000. Acquired in January 2007.

Instructions - Audit the expense and accumulated depreciation of these assets?

Reference no: EM133061072

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Audit the expense and accumulated depreciation of assets

Reference no: EM133061072

Reference no: EM133061072

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