Record amortization expense for depreciable capital assets

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Reference no: EM132720096

Problem 1: Record the amortization expense for all depreciable capital assets for the month of January 2020.

Hall $850,000 - Straight line 30 years, no residual value
Furnishings $50,000 - Straight line 10 years, no residual value
Other equipment recorded prior to Fiscal 2020 was $25,000 - Straight line 5 years, no residual value

Reference no: EM132720096

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