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Make the property and plant section of balance sheet

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Question - On January 2, 24, Brown Company purchased land that cost $580,000, a building on the land that cost $1,120,000, and equipment that cost $21,000. The building has an estimated useful life of 28 years. The equipment has an estimated useful life of 6 years.

Required - Make the property, plant, and equipment section of the balance sheet as of December 31, 24. Note: Use straight-line depreciation with no salvage value.

Reference no: EM132499063

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