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35 (0.5 points) Morgan's Consulting bought a scanner worth $5,000 with an expected life of 7 years and a residual value of $1,500. What is
35 (0.5 points) Morgan's Consulting bought a scanner worth $5,000 with an expected life of 7 years and a residual value of $1,500. What is the adjusting journal entry for the first year? Depreciation Expense 500 Accumulated Depreciation, 500 Scanner Scanner 500 Accumulated Depreciation, 500 Computer Depreciation Expense 500 Scanner 500 Scanner 500 Depreciation Expense 500
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