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Business, 30.03.2020 22:11 brmoen1392

Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $72,000 on January 3, 2019, has an estimated life of 6 years and an estimated salvage value of $6,500. The firm uses the straight-line method of depreciation. Determine the adjustment for the month ended January 31, 2019. (Round your answers to 2 decimal places.)

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