On January 1, 2012, Skandar Country Club purchased a new riding mower for $15,000. The mower is

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On January 1, 2012, Skandar Country Club purchased a new riding mower for $15,000. The mower is expected to have an 8-year life with a $1,000 salvage value. What journal entry would Skandar make at December 31, 2012, if it uses straight-line depreciation?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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