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July 28, 2015

Homework Help: accounting

Posted by Anonymous on Tuesday, August 2, 2011 at 4:01pm.

On January 1, 2006, Powell Company purchased a building and machinery that have the following useful lives, salvage value, and costs.
Building, 25-year estimated useful life, $4,000,000 cost, $400,000 salvage value
Machinery, 10-year estimated useful life, $500,000 cost, no salvage value

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