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QUESTION 7 Barry Enterprises purchased equipment for $80 on January 1, 2021. The equipment is expected to have a eight-year life and a residual value

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QUESTION 7 Barry Enterprises purchased equipment for $80 on January 1, 2021. The equipment is expected to have a eight-year life and a residual value of $8 What is the depreciation expense for 2021? Write the journal entry to record the depreciation of the equipment for 2022 Account Debit Credit

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