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Prepare the journal entries to recognize depreciation

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At the beginning of Year 1, Copland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year life and a $7,000 salvage value.

Question 1: Prepare the journal entries to recognize depreciation for each of the five years, assuming that the company uses

  1. Straight-line depreciation. (If no entry is required for a transaction/event, select "No journal entry required" in the first accoun

Reference no: EM132495199

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