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The company received government grants equipment equal $600,000 on Jan. 1, 2019, the useful life of the equipment is 4 years. Record the transaction on

The company received government grants equipment equal $600,000 on Jan. 1, 2019, the useful life of the equipment is 4 years.

Record the transaction on Jan. 1, 2019 and prepare the required entries on Dec. 31, 2019.

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