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Home / Questions / On January 4 of this year Diaz Boutique incurs a $105000 cost to modernize its store Impro...

On January 4 of this year Diaz Boutique incurs a $105000 cost to modernize its store Improvements include new floors ceilings

On January 4 of this year, Diaz Boutique incurs a $105,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings. These improvements are estimated to yield benefits for 10 years. Diaz leases its store and has eight years remaining on the lease. Prepare the entry to record (1) The cost of modernization (2) Amortization at the end of this current year.

Apr 24 2020 View more View Less

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