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Unformatted text preview: Double-declining-balance amortization on land improvements = Given Data: New Economy Construction Cash price for all assets purchased $787,500 Estimated market values: Building 408,000 Land 289,000 Land improvements 42,500 Vehicles 110,500 Straight-line assumptions: Useful life in years 15 Salvage value 25,650 Double-declining-balance amortization assumptions: Useful life in years 5 Check figures: Part 2 $19,575 Part 3 $13,125...
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