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Requirements 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. 2. Record the adjusting entry for depresiation on
Requirements 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. 2. Record the adjusting entry for depresiation on October 31. 3. Post the purchase of October 1 and the depreciation on October 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment. Show their balances at October 31. 4. What is the computer equipment's bok value at October 31 ? be rero. Resad the Requirement 1. Calculate the amount of depreciation for the month of Oxtober using the straight-line deprecianion method Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the moenth of October. (Abbreviation used; Acc. Deponciation = Accumulated Depreciation. Enter a Yrter any zero bulances
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