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On January 1, 2017, Emporia Country Club purchased a new riding mower for $15,000. The mower is expected to have an 8-year life with a
On January 1, 2017, Emporia Country Club purchased a new riding mower for $15,000. The mower is expected to have an 8-year life with a $3,000 salvage value. What journal entry would Emporia make at December 31, 2017, if it uses straight-line depreciation?
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