ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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A company acquires equipment, which has an estimated useful life of 8 years and no salvage value, for $48,000 at the beginning of the accounting period. What is the adjusting entry for depreciation at the end of one month if the company uses the straight-line method of depreciation?
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