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Journalize the adjusting entries. Depreciation was recorded on the equipment and building using the straight-line method. For the equipment, assume a useful life of six

Journalize the adjusting entries.

Depreciation was recorded on the equipment and building using the straight-line method. For the equipment, assume a useful life of six years and a salvage value of $0. For the building, assume a useful life of 10 years and a salvage value of $10,000.

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