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On January 1, a company purchased office furniture for $35,000. The office furniture had a useful life of 7 years and a salvage value of

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On January 1, a company purchased office furniture for $35,000. The office furniture had a useful life of 7 years and a salvage value of $ 4.000. Assuming the company uses straight-tine depreciation, what adjusting journal entry is required, at the end of Januaiy, to record the depreciation expense? Mutiple Choice

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