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A company purchases equipment on September 1, 2020 for $126,000. The company uses straight-line depreciation and expects the equipment to have a 10 year useful

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A company purchases equipment on September 1, 2020 for $126,000. The company uses straight-line depreciation and expects the equipment to have a 10 year useful life with a $6,000 residual value. What amount of depreciation should be recorded as an adjusting entry on December 31, 2020? O $12,600 $12,000 $4,200 $4,000

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