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Adjustment for Depreciation of Asset On December 1, delivery equipment was porchased for $7,680, The delivery equipment has an estimated useful lufe of four yesis
Adjustment for Depreciation of Asset On December 1, delivery equipment was porchased for $7,680, The delivery equipment has an estimated useful lufe of four yesis (48 montha) and no salvage value. Using the straight-line depreciation method, analyze the necessary adjusting entry as of December 31 (one month) using T accounts, and then formally entar this adjustment in the general journal
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