On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $15,000. The mower

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On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $15,000. The mower is expected to have a 10-year life with a $1,000 salvage value.

What journal entry would Wolf Creek make on December 31, 2014, if it uses straight-line depreciation?

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