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What is the useful life of each building

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Reference no: EM133012401

Sweet Dream Bakery has a new store capital expansion plan for the next five years that looks like the following:

Open two new stores per year for the next five years, each building will cost $100,000, they anticipate each building to be in a good location for ten years, at which point they may need to move due to consumer traffic patterns. Please answer the following questions for this transaction.

Question 1: What is the useful life of each building?

Question 2: How much money is entered on the balance sheet as an asset in the first year?

Question 3: How much money is entered on the balance sheet as an asset in the second year?

Question 4: How much money is entered on the balance sheet as an asset in the fourth year?

Question 5: How much money is entered as a depreciated expense in the second year?

Question 6: How much money is entered as a depreciated expense in the third year?

Reference no: EM133012401

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