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Depreciation expense
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Steel is purchased on July 1 of the current fiscal year for $180,000. It is expected to have a useful life of 4 years, or 20,000 operating hours, and a residual value of $15,000. Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following...
Depreciation Expense
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Is the entry to record depreciation expense is decrease a long term asset and increases a contra long term asset? View more questions Search
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