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Question - ON January 1, 2020 stark company purchased a new factory for $120,000. The company expects to utilize the factory for the next 20years before they will require a new one and estimate that it will have a salvage value of $20,000. Stark company uses the starightline method to account for depreciation. What is the adjusting entri required on December 31 , 2020, the year end date to record any yearly to record any yearly accrued expenses on the factory?
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