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The following information was provided relating to an asset: - Acquisition date: 3 January 200 - Acquisition cost: $398,000 - Residual value: $28,000 - Estimated

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The following information was provided relating to an asset: - Acquisition date: 3 January 200 - Acquisition cost: $398,000 - Residual value: $28,000 - Estimated useful life: 4 years - Service hours: 200,000 - Productive output in units: 100,000 Required: Prepare the journal entries to record depreciation expense for each year of the asset's life, using the service hours method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) \begin{tabular}{|l|l|l|} \hline 200 & 50,800 & 23,900 \\ \hline 201 & 41,700 & 21,450 \\ \hline 202 & 55,200 & 28,500 \\ \hline 203 & 52,300 & 26,150 \\ \hline & 200,000 & 100,000 \\ \hline \end{tabular}

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