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Holman Company owns equipment with an original cost of $97,160 and an estimated salvage value of $6,080 that is being depreciated at $15,180 per year

Holman Company owns equipment with an original cost of $97,160 and an estimated salvage value of $6,080 that is being depreciated at $15,180 per year using the straight-line depreciation method, and only prepares adjustments at year-end. The adjusting entry needed to record annual depreciation is

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