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Adjustments for the year ending december 31 2020. climbing equipment is depreciated using the accelerated depreciation method at a rate of 20%. the only acquisition
Adjustments for the year ending december 31 2020. climbing equipment is depreciated using the accelerated depreciation method at a rate of 20%. the only acquisition made this year was made on december 15 2020 for an amount of 3085.6. Unadjusted trial balance: Accumulated depreciation account for climbing equipment has a credit balance of 4875, climbing equipment has a debit balance of 18085.6, and depreciation expense for climbing equipment has a balance of 0. What are the necessary adjustments to be made
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