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QUESTION
When depreciating building and equipment do I need to use the appraised or the actual price I paid for them . For example, if building was appraised...
When depreciating building and equipment do I need to use the appraised or the actual price I paid for them . For example, if building was appraised for $200 000 but I actually paid $190 000. Which price should I use when depreciating the building?
