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Sweet Enterprises Ltd . purchased machinery on January 1 , 2 0 1 8 . The machinery cost $ 4 0 6 , 0 0
Sweet Enterprises Ltd purchased machinery on January The machinery cost $ and was estimated to have a tenyear
useful life and a residual value of $ Straightline depreciation was recorded each yearend December to the end of
December On January Sweet reevaluated the machinery. It was now believed that the equipment's total life was
expected to be years.
Prepare the journal entry to record depreciation for 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 for the amounts. List debit entry before credit entry.
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