Hawaii Kai purchased a leasehold property for $8,500,000.The leasehold expires in 15 years.Prepare the journal entry to record the first year's depreciation expense.

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The Answer of Hawaii Kai purchased a leasehold property for $8,500,000.The leasehold expires in 15 years.Prepare the journal entry to record the first year's depreciation expense.

Hawaii Kai Purchased a Leasehold Property for $8,500,000