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The company previously purchased equipment in a previous accounting period for a cost 758,164. When...

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Accounting

The company previously purchased equipment in a previous accounting period for a cost 758,164. When purchased the equipment had an expected life of 22 years.

Descirbe the effects of this transaction on the accounting equation in terms of debits and credits

Assets=Liabilities+Equity

Prepare the appropritate journaly entry for this transaction table with account name, debit or credit

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