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The Kinko Company purchased equipment for $15,000 on November 1. t is estimated that annual depreciation on the computer will be $2,000. If financial statements

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The Kinko Company purchased equipment for $15,000 on November 1. t is estimated that annual depreciation on the computer will be $2,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $250; credit Accumulated Depreciation, $250. debit Depreciation Expense, $333,3; credit Accumulated Depreciation, $333,3. debit Equipment, $15,000; credit Accumulated Depreciation, $15,000. debit Depreciation Expense, $3,000; credit Accumulated Depreciation, $3,000. debit Depreciation Expense, $12,000; credit Accumulated Depreciation, $12,000

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