Equipment costing $39,600 is purchased at the beginning of the year for cash. Depreciation on...
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Accounting
Equipment costing $39,600 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,600 per year. What account do you debit when you record the annual depreciation? [Select) What account do you credit when you record the annual depreciation? [Select 1 How are each of the following categories affected? Assets (Select)
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