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2. On January 1, 2020, Anon, Inc. purchased fixed assets for $180,000. The equipment has 20,000 residual value and an estimated useful life of 8

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2. On January 1, 2020, Anon, Inc. purchased fixed assets for $180,000. The equipment has 20,000 residual value and an estimated useful life of 8 years. The company uses straight line deprecation. Account Name Debit Credit

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