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A company that uses the straight-line method of depreciation purchased equipment on July 1, 2022. The equipment cost $62,000, has an estimated life of
A company that uses the straight-line method of depreciation purchased equipment on July 1, 2022. The equipment cost $62,000, has an estimated life of 4 years and an estimated salvage value of $5,500. Record the adjustment for the month ended July 31, 2022. (Round your answers to 2 decimal places.)
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
