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a. Depreciation on the company's equipment for 2013 is computed to be $16,000. b. The Prepaid Insurance account had a $7,000 debit balance at December

a.

Depreciation on the company's equipment for 2013 is computed to be $16,000.

b.

The Prepaid Insurance account had a $7,000 debit balance at December 31, 2013, before adjusting for the costs of any expired coverage. An analysis of the company

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