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Special display equipment and fixture were acquired on April 1 for $36,000. Their expected useful life was 36 months with no terminal scrap value. Straight-line
Special display equipment and fixture were acquired on April 1 for $36,000. Their expected useful life was 36 months with no terminal scrap value. Straight-line depreciation was adopted. This equipment was removable. Montha paid $12,000 as a down payment and signed a promissory note for $24,000.
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