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Equipment records for Johnson Machine Ca. for the year follow. Johnson Machine uses the straight-line method of depreciation. In the case of assets acquired by
Equipment records for Johnson Machine Ca. for the year follow. Johnson Machine uses the straight-line method of depreciation. In the case of assets acquired by the filteenth day of the month, depreciation should be computed for the entire month. In the case of assets acquired alter the fifteenth day of the month, no depreciation should be considered for the month in which the asset was acruired. Required: 1. Calculate the depreciation expense for Jahnson Machine as of December 31,20 - 2. Prepare the entry for depreciation expense using a general journal
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