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Venice Company purchased a gondola for $442,750 (no residual value) at the beginning of 2018. The gondola was being depreciated over a 10-year life

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Venice Company purchased a gondola for $442,750 (no residual value) at the beginning of 2018. The gondola was being depreciated over a 10-year life using the sum-of-the-years'-digits method. At the beginning of 2021, it was decided to change to straight-line. Ignoring taxes, the 2021 adjusting entry will include a debit to depreciation expense of. Multiple Choice $44,275 $22,540 $32,200 $21,735

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