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Equipment cost $150,000. Depreciation for the period is $80,000. What is the AJE? O a. Debit: Depreciation Expense $70,000; Credit: Accumulated Depreciation $70,000 O b.

Equipment cost $150,000. Depreciation for the period is $80,000. What is the AJE? O a. Debit: Depreciation Expense $70,000; Credit: Accumulated Depreciation $70,000 O b. Debit: Depreciation Expense $80,000; Credit: Equipment $80,000 Oc. Debit: Depreciation Expense $80,000; Credit: Accumulated Depreciation $80,000 O d. Debit: Accumulated Depreciation: $80,000; Credit: Equipment $80,000

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