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How to solve Sweet Acadia company paid 23,400...

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Accounting

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Sweet Acadia company paid 23,400 to purchase equipment on january 1,2024. Sweet Acadia Company has a December 31 fiscal year end and uses straight line depreciation. The company estimates the equipment will have a 6-year useful life.
Prepare the adjusting entries required on December 31,2024 and 2025.

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