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On 12/1/2016, Capri Company Purcahsed Equipment for 1$65,000. The equipment has an estimated life of 6 years with a Salvage value of $1,200. Prepare the

On 12/1/2016, Capri Company Purcahsed Equipment for 1$65,000. The equipment has an estimated life of 6 years with a Salvage value of $1,200. Prepare the Adjusted Journal entry necessary at 12/31/2016.

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