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On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $61.200, has an nine-year

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On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $61.200, has an nine-year useful life, end hes no residual value. The company uses the straight-line depreciation method for all manufacturing equipment On January 4, 2021, $15.350 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $3.400 represented ordinary repairs and annual maintenance and $1750 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 11 years Required 1. Prepare journal entries for the depreciation for 2019 and 2020. 2. Prepare joumal entries for the 2021 expenditure 3. Prepare journal entries for the depreciation for 2021 Complete this question by entering your answers in the tabe below. Prepare yournal entries for the depreciation for 2019 and 2020. (If no entry is reed for a bansaction/event, select "jurnal entry required i first Journal entry worksheet Journal entry worksheet 2015

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