Identify the asset description

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After years of pressure by residents, town council approved the re-surfacing of Donald Street from 1st avenue to 7th avenue, for $756,892 in 2009. Much like the old surface removed, the new surface will have very little value remaining after its 20 year design life is over. The town's consulting engineers have recommended that the road be broken down into six segments when recorded in the asset register for future asset management abilities.

Problem 1: For the above transaction, please identify the following -

(a) Historical Cost
(b) Asset Description
(c) Location
(d) In service year
(e) Useful Life
(f) Residual Value

Reference no: EM133003609

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