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Explain how each of these costs would be accounted for. DO IT! 10.2a (LO 2) On January 1, 2020, Emporia Country Club purchased a new

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Explain how each of these costs would be accounted for. DO IT! 10.2a (LO 2) On January 1, 2020, Emporia Country Club purchased a new riding mower for $15,000. The mower is expected to have an 8-year life with a $3,000 salvage value. What journal entru would Emporia make at December 31, 2020, if it uses straight-line depreciation? NA A A . . DO ITI 10.2b (LO2) Pinewood Corporation purchased a piece of equipment for $70,000. It estimated an 8-year life and $2,000 salvage value. At the end of year four (before the depreciation adiustment it estimated the new total life to be 10 years and the new salvage value to be $6,000. Com revised depreciation

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