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A company purchased a piece of equipment for $768,000 on May 1. The equipment had an estimated useful life of 8 years. Adjusting entries are

A company purchased a piece of equipment for $768,000 on May 1. The equipment had an estimated useful life of 8 years. Adjusting entries are prepared monthly. After using the equipment for five full months, the balance in the Accumulated Depreciation account on September 30 will be ____

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