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ge A computer was purchased for $2,400 on August 1. The computer has a physical life of eight years but the office manager is
ge A computer was purchased for $2,400 on August 1. The computer has a physical life of eight years but the office manager is expected to replace it after five-years. If the company's fiscal year is November 30, the year end adjusting entry for the computer would be: Select one: O a. debit Depreciation Expense, $40; credit Accumulated Depreciation, $40. O b. debit Depreciation Expense, $200; credit Accumulated Depreciation, $200. Oc. debit Depreciation Expense, $120; credit Computer, $120. O d. debit Accumulated Depreciation, $200; credit Depreciation Expense, $200. O.e. debit Depreciation Expense, $160; credit Accumulated Depreciation, $160. Quiz naw 2 10 11 19 Finish att Time left Next page
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