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The $6,120 of equipment purchased at the beginning of December has a useful life of...

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Accounting

The $6,120 of equipment purchased at the beginning of December has a useful life of 5 years and will be worth nothing at the end of 5 years (60 months). The business uses straight-line depreciation to allocate the $6,120 net cost over 60 months. On December 31, 1 month of depreciation must be Note: Enter debits before credits

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