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Straight-line depreciation on the building, assuming a 25-year life and a $8,000 salvage value, is $120 per month. Prepare the required adjusting entry, if any.

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Straight-line depreciation on the building, assuming a 25-year life and a $8,000 salvage value, is $120 per month. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Date Jun 30 Account Title Debit Credit Record entry Clear entry View general journal Straight-line depreciation on the building, assuming a 25-year life and a $8,000 salvage value, is $120 per month. Prepare the required adjusting entry, if any. Note: Enter debits before credits. Date Jun 30 Account Title Debit Credit Record entry Clear entry View general journal

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