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For the information below, prepare in the space provided any adjusting joumal entry necessary to bring the accounts up to date as of December 31,2020
For the information below, prepare in the space provided any adjusting joumal entry necessary to bring the accounts up to date as of December 31,2020 , the fiscal year-end of Brady, Inc. If no entry is required, writo clearly "NO ENTRY". The building has an estimated useful life of 14 years. Brady Inc. expects that the residual value of the building at the end of its useful life will be $56,000. Depreciation expenses have not yet been recorded for the current year
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