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prepare adjusting entry Prepare the adjusting entry for the following: Depreciation on equipment is calculated using the straight-line method. The equipment has a salvage value

prepare adjusting entry

Prepare the adjusting entry for the following: Depreciation on equipment is calculated using the straight-line method. The equipment has a salvage value of $5,000 and a useful life of 10 years. The company has owned the equipment for the entire year

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