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1. On Jan1, business bought one equipment for $36,000. The estimated useful life is 5 years with no residue value. 2. On Jan31, 2020,

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1. On Jan1, business bought one equipment for $36,000. The estimated useful life is 5 years with no residue value. 2. On Jan31, 2020, Business checked prepaid (unexpired) insurance policy remaining 16,500. And business previously already paid $18,000 for the whole insurance for 2020.

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