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Exercise 10-25 On April 1, 2017, Sunland Company received a condemnation award of $584,800 cash as compensation for the force

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Date Account Titles and Explanation Debit Credit
April 1 cash $584,800
Accumulated depreciation - building 217600
Land 81600
Building 380800
Gain on disposal of plant assets 340000
Aug 1 Land $122400
Building 544000
Cash 666400
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