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On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $16,000. The mower is expected to have a 20-year life with

On January 1, 2014, Wolf Creek Country Club purchased a new riding mower for $16,000. The mower is expected to have a 20-year life with a $2,000 salvage value. What journal entry would Wolf Creek make on December 31, 2014, if it uses straight-line depreciation?

Account Titles and Explanation

Debit

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