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28 A company purchases new equipment for $84,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be used

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28 A company purchases new equipment for $84,000 cash on August 1, 2021. At the time of purchase, the equipment is expected to be used in operations for four years (48 months) and have no resale or scrap value at the end of the four years. The company depreciates the equipment evenly over the 48 months ($1,750/month). Record the adjusting entry for depreciation on December 31, 2021. Assume the company makes annual adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 5 Dos 8 1220 View transaction that Journal entry worksheet Record the adjusting entry for depreciation on December 31, 2021 No er det before credits General Journal Debit Credit Date December 31, 2021 Record entry Cewery

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