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Survey of Accounting (Available Titles Cengagenow)

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Problem 7-1 Name: Section: Score: 71% *Since some answer boxes are correct when left blank, the beginning score is greater than 0%. Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. and 2. Land Other Item Land Improvements Building Accounts a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. Total 3. Instructions
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Problem 7-1 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. and 2. Land Other Item Land Improvements Building Accounts a. $4,000 b. 400,000 c. 2,500 d. 31,750 e. $36,000 f. 10,000 g. (3,000) h. 15,200 i. 5,400 j. $(600,000) k. 9,000 l. 3,000 m. 1,800 n. $12,000 o. 14,500 p. 33,000 q. (4,500) r. 700,000 s. (450) Total $469,450 $26,500 $773,950 3. Instructions Land does not lose its ability to provide services and is not depreciated; land improvements do so they are depreciated....
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