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QUESTION
The following is a partial unadjusted Trial Balance.
Equipment has a 10 year life without salvage value. It has been in use for four years. The building has a 40 year life without salvage value and has been in use for four years. Both are depreciated on a straight-line basis. Use this information to prepare the compound General Journal entry (without explanation) for the required end of the month adjustments. If no entry is required then write "No Entry Required."
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