At the end of its first year, the trial balance of the Shah Company shows Equipment ($

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At the end of its first year, the trial balance of the Shah Company shows Equipment $\$ 25,000$ and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $\$ 3,000$. Prepare the the adjusting entry for depreciation at December 31, post the adjustments to $\mathrm{T}$ accounts, and indicate the balance sheet presentation of the equipment at December 31.

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