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Unformatted text preview: Double-declining-balance amortization on land improvements = Given Data: Willo Company Cash price for all assets purchased $870,000 Estimated market values: Building 552,750 Land 331,650 Land improvements 100,500 Truck 20,100 Straight-line assumptions: Useful life in years 15 Salvage value 37,500 Double-declining-balance amortization assumptions: Useful life in years 8 Check figures: Part 2 $7,350 Part 3 $5,438...
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