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On January 1, 2022, Wildhorse Creek Country Club purchased a new riding mower for $17,200. The mower is expected to have a 10-year life with
On January 1, 2022, Wildhorse Creek Country Club purchased a new riding mower for $17,200. The mower is expected to have a 10-year life with a $900 salvage value. What journal entry would Wildhorse Creek make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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