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Home and Company owns equipment within original cost of $ 9 5 , 0 0 0 and an estimated salvage value of $ 5 0

Home and Company owns equipment within original cost of $95,000 and an estimated salvage value of $5000 that is being depreciated at $15,000 per year using the straight line depreciation method and only prepares adjustments at year in the adjusting entry needed to record annual depreciation

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