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On June 1, 2024, Blue Opportunity Ltd. ("BO") purchased a piece of equipment for $30,240....

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Accounting

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On June 1, 2024, Blue Opportunity Ltd. ("BO") purchased a piece of equipment for $30,240. At the time, management determined that the equipment would have a residual value of $2,880 at the end of its six-year life. BO has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem statement. Credit account titles are outomotically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.) On June 1, 2024, Blue Opportunity Ltd. ("BO") purchased a piece of equipment for $30,240. At the time, management determined that the equipment would have a residual value of $2,880 at the end of its six-year life. BO has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem statement. Credit account titles are outomotically indented when the omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries.)

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