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if a machine is bought for $300,000, and depreciation each year is $25,000. What annual adjusting entry is recorded for this depreciation? What is reported

if a machine is bought for $300,000, and depreciation each year is $25,000. What annual adjusting entry is recorded for this depreciation? What is reported as the net book value of the machine at the end of the second year? What expense is reported for the second year?

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