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. [Short answer; no partial credit] Tomoki owns a restaurant. He purchased an oven for $2,000 on October 1, 2016. Depreciation is estimated at $150
. [Short answer; no partial credit] Tomoki owns a restaurant. He purchased an oven for $2,000 on October 1, 2016. Depreciation is estimated at $150 per year. Record the journal entry that Tomoki will make on December 31, 2016, to record the depreciation. Assume that Tomoki has not recorded any depreciation since he purchased the oven.
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