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ABC Co. purchased equipment for a cost of $12,000 on 3/31/1. There was a $2,000 salvage and a four year life. Prepare the adjusting entry

ABC Co. purchased equipment for a cost of $12,000 on 3/31/1. There was a $2,000 salvage and a four year life. Prepare the adjusting entry for the year end of 12/31/1

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