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Question 10 7 pts Wonderland Corporation purchased equipment costing $39,000. The equipment had a 5-year useful life and a salvage value of $4,000. Complete the
Question 10 7 pts Wonderland Corporation purchased equipment costing $39,000. The equipment had a 5-year useful life and a salvage value of $4,000. Complete the following depreciation schedule using straight-line depreciation: Year Depreciation Expense Accumulated Depreciation Book Value 2 3 4 5 Give the adjusting general journal entry to record the depreciation at the end of the first year: DR CR Account Titles
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