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2 . Brown Corp purchased an $ 8 2 0 , 0 0 0 equipment on Oct 1 2 0 2 0 . The company

2. Brown Corp purchased an $820,000 equipment on Oct 12020. The company estimates that the equipment has a useful life of 10 years and a salvage value $10,000. Calculate the depreciation expense of this equipment for year 2020 and record it in an adjusting journal entry. Brown Corp uses straight-line depreciation method.

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