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a.Depreciation on the company's equipment for 2011 is computed to be $16,000. b.The Prepaid Insurance account had a $7,000 debit balance at December 31, 2011,

a.Depreciation on the company's equipment for 2011 is computed to be $16,000.

b.The Prepaid Insurance account had a $7,000 debit balance at December 31, 2011, before adjusting for the costs of any expired coverage. An analysis of the company

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