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July 1 - Purchase a one-year insurance policy for $1,200 ($___ per month) to cover injuries to participants during outdoor clinics. Aug. 4 - The
July 1 - Purchase a one-year insurance policy for $1,200 ($___ per month) to cover injuries to participants during outdoor clinics.
Aug. 4 - The company purchases 14 kayaks, paying $28,000 cash.
Depreciation of the mountain bikes purchased on July 8th, useful life 10 years. Depreciation of kayaks purchased on August 4th, useful life 10 years.
What is the Accumulated Depreciation as of December 31 for T-Accounts?
What is the Depreciation Expense as of December 31 for T-Accounts?
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