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Office Equipment purchased for $30,000 January 1st, 2015 is amortized at the rate of 20% per year.The accumulated amortization up to this point was $500.

Office Equipment purchased for $30,000 January 1st, 2015 is amortized at the rate of 20% per year.The accumulated amortization up to this point was $500. What is the entry for February 28th, 2015?

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