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which answer is right for this question? Apr1, 2020 the business bought an auto for $62,000 , its estimated useful life is 4 years with

which answer is right for this question?
Apr1, 2020 the business bought an auto for $62,000 , its estimated useful life is 4 years with residue value $4,000 at the end of its useful life
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10,875 10,875 31-Dec Depreciation on Auto A/c Dr To Accumulated depreciation -Auto A/c (Being the depreciation entry for auto is made for 9 months(april- december).- ($ 62,000-$ 4,000)/4 x 9/12 = 10875) 14500 24 25 26 27 (62000-4000)/4 Dec-31 Depreciation Expense-Auto Accumulated Depreciation Auto (To record depreciation expense) 14500

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