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Analyze each of the following transactions by showing its effects on the accounting equation - specifically, identify the accounts and amounts ( including + or
Analyze each of the following transactions by showing its effects on the accounting equationspecifically, identify the accounts and amounts including or for each. January Purchased equipment for $ cash. Estimated useful life is six years and salvage value is $ January Paid $ cash to install automated controls on equipment. This betterment did not impact useful life or salvage value. August Paid $ cash for minor repair costs to equipment.
Analyze each of the following transactions by showing its effects on the accounting equationspecifically, identify the accounts and amounts including or for each.
January Purchased equipment for $ cash. Estimated useful life is six years and salvage value is $
January Paid $ cash to install automated controls on equipment. This betterment did not impact useful life or salvage value.
August Paid $ cash for minor repair costs to equipment.
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