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Make an adjusting entry for depreciation expense

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Question - Need to make an adjusting entry for depreciation expense and accumulated depreciation. Worked out the adjusting entries to being $2,642.86, but don't know if that is right, please help.

Equipment: Straight line method used for equipment

Mixing machine: $5,000 initial cost, $500 salvage value, 3rd year of use of 7 total ($642.86 per year).

Ovens: $8,000 initial cost, $1,000 salvage value, 3rd year of use of 7 total ($1,000 per year).

Other depreciable equipment: $4,000 initial cost, $0 salvage value, 1st year of use of 4 total ($1,000 per year).

Reference no: EM132177783

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