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Give the adjusting general journal entry

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Question - Khan Company purchased equipment costing $46,000. The equipment had a 6-year useful life and a salvage value of $4,000. Complete the following depreciation schedule using straight-line depreciation:

Year

Depreciation Expense

Accumulated Depreciation

Book Value

1


2


3


4


5


6


Give the adjusting general journal entry to record the depreciation at the end of the first year.

Reference no: EM133161583

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