Question
AB Corp. uses straight-line depreciation on all equipment. On January 1, 2020, it purchased equipment costing $30,000 with an estimated salvage value of $10,000 and
Pass the journal entries of the above statement.
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
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