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Brief Exercise 22-5 Pina Company purchased a computer system for $66,800 on January 1, 2016. It was depreciated based on a 6-year life and an
Brief Exercise 22-5 Pina Company purchased a computer system for $66,800 on January 1, 2016. It was depreciated based on a 6-year life and an $17,000 salvage value. On January 1, 2018, Pina revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Pina uses straight-line depreciation. Prepare Pina's entry to record 2018 depreciation expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Depreciation Expense Accumulated Depreciation-Equipment Click if you would like to Show Work for this question: Debit Credit Qpen Show Work
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