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Anika Company Purchased a Plot of Land for $100,000 on January

Question 99

Multiple Choice

Anika Company purchased a plot of land for $100,000 on January 1st. It plans to hold the land for 7 years and then sell it. What is the amount of annual depreciation to be recorded?


A) 14,286
B) 0
C) 1,190
D) 10,000

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