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Skysong Company purchased a new plant asset on April 1, 2020, at a cost of $729,000....

Skysong Company purchased a new plant asset on April 1, 2020, at a cost of $729,000. It was estimated to have a service life of 20 years and a salvage value of $69,600. Skysong’ accounting period is the calendar year.

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Cost of Plant asset = $729,000 Useful life = 20 Years Salvage value = $69.600 Purchase date = April 1, 2020 Year end date = A

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