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In 2026, StartUp Inc. (SU) set up a new manufacturing facility in Manitoba. To encourage SU to set up its factory, the province provided equipment
In 2026, StartUp Inc. (SU) set up a new manufacturing facility in Manitoba. To encourage SU to set up its factory, the province provided equipment with a fair market value of $ 45 comma 000 and an estimated useful life of 5 years using straight-line depreciation. What journal entry would be required in fiscal 2027, if the net method is used? Question content area bottom Part 1 A. a credit to accumulated depreciation for $ 9 comma 000 B. a credit to other comprehensive incomelong dashdonated assets of $ 9 comma 000 C. a credit to deferred income of $ 9 comma 000 D. No entry is required
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