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Chem-Lite Inc. maintains its accounts on the basis of a fiscalyear ending March 31. At March 31, 20X1, the Equipment account inthe general ledger appeared

Chem-Lite Inc. maintains its accounts on the basis of a fiscalyear ending March 31. At March 31, 20X1, the Equipment account inthe general ledger appeared as shown below. The company usesstraight-l 2 answers

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