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Journal Entries 1.Depreciation and amortization are amortized on a straight-line basis. Equipment is depreciated over a five-year term and intangible assets over ten-years. Equipment is

Journal Entries

1.Depreciation and amortization are amortized on a straight-line basis. Equipment is depreciated over a five-year term and intangible assets over ten-years. Equipment is expected to have no salvage value.

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