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Complete a depreciation schedule for straight-line method

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Reference no: EM133158540

Question - Computing and Recording Straight-Line Depreciation - Yazzie Incorporated bought a machine at the beginning of the year at a cost of $26,000. The estimated useful life was five years and the residual value was $3,000.

Required -

1. Complete a depreciation schedule for the straight-line method.

2. Prepare the journal entry to record Year 2 depreciation.

Reference no: EM133158540

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