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On March 31, 2015, the company purchased a office furniture for $168,000 which is expected...

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Accounting

On March 31, 2015, the company purchased a office furniture for $168,000 which is expected to last 7. The company only records depreciation at the end of the year. (Use your fingers to count the months.)

The adjusting journal entry on December 31, 2015 is:

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