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On July 1, 2024, Action Printers purchased a printer for $67,000. It expects the printer...

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Accounting

On July 1, 2024, Action Printers purchased a printer for $67,000. It expects the printer to last for four years and have a residual value of $9,000. What is the journal entry to record the depreciation expense for the year ending December 31, 2024 using the straightline method?

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