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Make the equipment section of balance sheet

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Question - On January 2, 2020, Bryant Company purchased land that cost $550,000, a building on the land that cost $870,000, and equipment that cost $65,000. The building has an estimated useful life of 24 years. The equipment has an estimated useful life of 5 years.

Required - Make the property, plant, and equipment section of the balance sheet as of December 31, 2020. Note: Use straight-line depreciation with no salvage value.

Reference no: EM132606610

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