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Provost Inc. purchased computer equipment for $21,000 in Year 1. The equipment has an estimated life of 8 years and an estimated salvage value of

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Provost Inc. purchased computer equipment for $21,000 in Year 1. The equipment has an estimated life of 8 years and an estimated salvage value of $500. No entries for depreciation have been made yet during Year 2. What is the amount of the adjustment needed in Year 2 for this entry, assuming straight line method

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