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A computer was purchased for $2,400 on August 1. The computer is expected to have a five-year useful lifespan before being replaced. If the company's

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A computer was purchased for $2,400 on August 1. The computer is expected to have a five-year useful lifespan before being replaced. If the company's fiscal year is November 30, the following year end adjusting entry will be prepared: a. Select one: debit Accumulated Depreciation, $200; credit Depreciation Expense, $200. O b. debit Depreciation Expense, $120; credit Computer, $120. w debit Depreciation Expense, $200; credit Accumulated Depreciation, $200. O d. debit Depreciation Expense, $40; credit Accumulated Depreciation, $40. e. debit Depreciation Expense, $160; credit Accumulated Depreciation, $160. F O c. T

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