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Sesame Company purchased a computer system (equipment) for $64,600on January 1, 2013. It was depreciated based on a7-year life and an $18,750salvage value. On January
Sesame Company purchased a computer system (equipment) for $64,600on January 1, 2013. It was depreciated based on a7-year life and an $18,750salvage value. On January 1, 2015, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,880.
Prepare Sesames entry to record 2015 depreciation expense.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation | Debit | Credit |
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