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Depreciation Expense A machine was acquired for $7,000 on may 1 of year 1. Depreciation express on the machine for year 1 was $1,000. depreciation

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A machine was acquired for $7,000 on may 1 of year 1. Depreciation express on the machine for year 1 was $1,000. depreciation express on the machine for year 2 was $1,500. make the journal entry necessary on December 31 of year 2 to depreciation expense on the machine for the year. Compute the accumulated

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