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A company purchased a new piece of manufacturing equipment on April 1, 2023 for $200,000. The equipment is expected to have a useful life of

A company purchased a new piece of manufacturing equipment on April 1, 2023 for $200,000. The equipment is expected to have a useful life of 10 years with no residual value at the end of its life. What is the required adjusting journal entry at year-end, assuming year-end is December 31, 2023

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