Business, 30.03.2021 19:30 jasminetaylor4587
On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during the current year.
Required:
Complete the necessary December 31 journal entry.
Answers: 2
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