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On May 1, Chicago Gold Exchange paid cash of $28, 800 for computers that are expected to remain useful for four years. At the end

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On May 1, Chicago Gold Exchange paid cash of $28, 800 for computers that are expected to remain useful for four years. At the end of four years, the value of the computers is expected to be zero. Requirements Calculate the amount of depreciation for the month of May using the straight-line depreciation method. Record the adjusting entry for depreciation on May 31

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