On January 4, 2022, Crazy Fun Whitewater Adventures purchased a new river raft for $35,300....
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Accounting
On January 4, 2022, Crazy Fun Whitewater Adventures purchased a new river raft for $35,300. This new raft will have a useful life of 5 years, and a trade-in (salvage) value of $9,200 at the end of that time. Using straight-line depreciation, calculate and record the adjusting entry as of December 31, 2022.
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