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Show the journal entry to record the equipment cost

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Reference no: EM13512654

Equipment costing $9,600, with an estimated scrap value of $1,600, was bought on July, 1, 1999. The equipment is to be depreciated by the straight-line method for a period of 10 years. The company's fiscal year is January through December. Show the journal entry to record the equipment's cost on the balance sheet for December 1999.

Reference no: EM13512654

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