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On January 1, All Beef Hot Dogs purchased a hot dog stand for $100,000; it has an estimated useful life of 20 years and no

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On January 1, All Beef Hot Dogs purchased a hot dog stand for $100,000; it has an estimated useful life of 20 years and no residual value. Suppose that after using the hot dog stand for eight years and straight-line depreciation, the company determines that the stand will remain useful for only ten more years. Record All Beef Hot Dogs' depreciation expense on the hot dog stand for year 9 using the straight-line method. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit

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