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Presented below is information related to equipment owned by Coronado Company at December 31, 2025. Assume that Coronado will continue to use this asset in

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Presented below is information related to equipment owned by Coronado Company at December 31, 2025. Assume that Coronado will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 5 years. Prepare the journal entry to record depreciation expense for 2026. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.)

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