How would you journal this? In 2017 Vail extended the building at a cost of 30,000. The extension provided an addition to the service potential of the building. Original building info: Purchase 1/1/14 at a cost of 50,000. Accumulated depreciation of $3,750 using straightline depreciation over 40 years with 0 residual value.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How would you journal this?

In 2017 Vail extended the building at a cost of 30,000. The extension provided an addition to the service potential of the building.

Original building info:

Purchase 1/1/14 at a cost of 50,000. Accumulated depreciation of $3,750 using straightline depreciation over 40 years with 0 residual value. 

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