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Record the purchase of equipment on april

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Question - Beaver Construction purchases new equipment for $63,720 cash on April 1, 2012. At the time of purchase, the equipment is expected to be used in operations for nine years (108 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 108 months ($590/month).

Record the purchase of equipment on April 1.

Reference no: EM132039697

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