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3-10 At the end of its first year of operations, the trial balance of Flint Company shows Equipment $28, 040 and zero balances in Accumulated
3-10
At the end of its first year of operations, the trial balance of Flint Company shows Equipment $28, 040 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $1, 960. Prepare the adjusting entry for depreciation at December 31Step by Step Solution
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