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Jasmine's Art Gallery Inc is held in an owned building purchased in 2020 for $500,000. The building is being depreciated on a straight line basis
Jasmine's Art Gallery Inc is held in an owned building purchased in 2020 for $500,000. The building is being depreciated on a straight line basis over 25 years. What would the entry be for the year 2022? Select one: Oa. Depreciation Expense DR 20,000 Accumulated Depreciation CR 20,000 Ob. Accumulated Depreciation DR 20,000 Depreciation Expense CR 20,000 Oc. Building DR 500,000 Accumulated Depreciation CR 500,000 Od. Depreciation Expense DR 20,000 Building CR 20,000 13
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