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10 points Save Answer Question 15 ABC Ranchers purchased and new cabinets in its general offices on June 30 for a total cost of $12,000. The cabinets are estimated to have a 15 year weful life and no residual Value (A) Prepare the oumal entries comary for recording the purchase of the new carpet (b) Record the December 31 adjusting entry for the partial year depreciation expense for the cabinets, assuming that ABC Ranchers uses the straight-line method