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The company purchased a building on April 1, 2016, that cost $155,000. it is expected to have a $20,000 salvage value at the end of

The company purchased a building on April 1, 2016, that cost $155,000. it is expected to have a $20,000 salvage value at the end of its predicted 25-year life. Using straight-line depreciation, record the adjusting entry on December 31, 2016.

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