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What journal entry would iron mountain ski corporation make

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On January 1, 2010, Iron Mountain Ski Corporation purchased a new snow-grooming machine for $50,000.The machine is estimated to have a 10-year life with a $2,000 salvage value. What journal entry would Iron Mountain Ski Corporation make at December 31, 2010, if it uses the straight-line method of depreciation?

Reference no: EM13526380

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