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Assume that a company acquired a building on January 1, 2018, at a cost of $2,000,000. The building has an estimated useful life of 40

Assume that a company acquired a building on January 1, 2018, at a cost of $2,000,000. The building has an estimated useful life of 40 years and an estimated salvage value of $400,000. What adjusting entry is needed on December 31, 2018, to record the depreciation for the entire year 2018?

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