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What journal entry would Pharoah make on December

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Question - On January 1, 2022, Pharoah Country Club purchased a new riding mower for $20,000. The mower is expected to have a 5-year life with a $6,000 salvage value. What journal entry would Pharoah make on December 31, 2022, if it uses straight-line depreciation?

Reference no: EM132777611

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