What adjusting journal entry should the company make at end

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Rhodes National purchased software on october 1, 2018 for $14400. The company expects to use the software for 3 years .It has no salvage value.

Question 1. What adjusting journal entry should the company make at the end of each month if monthly financials are prepared? (annual depreciation is $4800)

Question 2. What balance will be reported on the December 31, 2018 balance sheet for Accumulated Depreciation?

Reference no: EM132584439

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