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Use the following information: A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on

Use the following information:

A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on December 31.

T-Account Balance Correct Balance
Unearned fee revenue $12,000 $9,000
Supplies 3,200 1,050
Interest payable 1,850 1975

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