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QUESTION
Assume that the accumulated depreciation account has an unadjusted normal balance of $120,000. the company's list of adjusting entries includes one that debits depreciation expense and credits the acc
Assume that the accumulated depreciation account has an unadjusted normal balance of $120,000. the company's list of adjusting entries includes one that debits depreciation expense and credits the accumulated depreciation account for $20,000. the adjusted balance in the accumulated depreciation account is a:
