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Quindaro
Feb 10, 2013, 05:04 PM
The Harris Company purchased a computer for $3,000 on December 1. It is estimated that annual depreciation on the computer will be $600. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

pready
Feb 10, 2013, 05:09 PM
Your adjusting entry will be to record the depreciation.