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01-06-2021
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If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is Group of answer choices

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01-06-2021

ANSWER:

Dr:Depreciation Expense 100 Cr:Accumulated Depreciation 100

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