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I will give thumbs up for correct answers! Thank you! Alteran Corporation purchased office equipment for $1.9 million at the beginning of 2019. The equipment
I will give thumbs up for correct answers! Thank you!
Alteran Corporation purchased office equipment for $1.9 million at the beginning of 2019. The equipment is being depreciated over a 10-year life using the double-declining-balance method. The residual value is expected to be $800,000. At the beginning of 2021 (two years later), Alteran decided to change to the straight-line depreciation method for this equipment. Required: Prepare the journal entry to record depreciation for 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) View transaction list Journal entry worksheetStep by Step Solution
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