Equipment was purchased by Oriole Manufacturing on January 1, 2025, for $140000. Oriole's policy is...
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Accounting
Equipment was purchased by Oriole Manufacturing on January 1, 2025, for $140000. Oriole's policy is to adjust its accounts at year-end. Which is the appropriate adjusting journal entry to record depreciation at year-end if the company expects to use the equipment for five years with no salvage value?
O Depreciation Expense Equipment 28000 - Equipment 28000
Accumulated Depreciation Equipment 28000 - Equipment 28000
Accumulated Depreciation - Equipment 28000 Depreciation Expense 28000
Depreciation Expense 28000 Accumulated Depreciation - Equipment 28000
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