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QUESTION
purchased dental equipment on jan.1 for $80,000, paying $20,000 in cash and signing a $60,000 3-year note payable. The equipment depreciates $400 per...
purchased dental equipment on jan.1 for $80,000, paying $20,000 in cash and signing a $60,000 3-year note payable. The equipment depreciates $400 per month. interest is $500 per month. I need to make an adjusting entry for balance sheet date Jan. 31
