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ledger and journalize account 6. The equipment has no salvage value and a useful life of 10 years. The equipment was purchased at January 1,

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6. The equipment has no salvage value and a useful life of 10 years. The equipment was purchased at January 1, 2018. There has been no adjustment to account for depreciation for the current year of 2020. Easy LTD applies double declining-balance method for the equipment. After adjusting the depreciation, Easy LTD sold the equipment with sales price of $35,960 in cash. The building has a useful life of 50 years with no salvage value. Building was purchased at January 1, 2019. There has been no adjustment to account for depreciation for the current year of 2020. Easy LTD applies double declining-balance method for the building. 6. The equipment has no salvage value and a useful life of 10 years. The equipment was purchased at January 1, 2018. There has been no adjustment to account for depreciation for the current year of 2020. Easy LTD applies double declining-balance method for the equipment. After adjusting the depreciation, Easy LTD sold the equipment with sales price of $35,960 in cash. The building has a useful life of 50 years with no salvage value. Building was purchased at January 1, 2019. There has been no adjustment to account for depreciation for the current year of 2020. Easy LTD applies double declining-balance method for the building

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