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Indigo Enterprises Lto purchased machinery on September 1,2020. The machinery cost $335, 100, and was estimated to have a 10 year useful life and ar

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Indigo Enterprises Lto purchased machinery on September 1,2020. The machinery cost \$335, 100, and was estimated to have a 10 year useful life and ar residual value of \$35, 100. Straight-line depreciation was recorded each year-end (December 31) to the end of December 31,2024.C nuary 1, 2025, Indigo re evaluated the machinery. It was now believed that the equipment could be resold for $17,300 on December 31,2007 . Prepare the journal entry to record depreciation for 2025. (Credit account titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credit entry)

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