On January 1, 2017, Freedom Finance purchased machinery at a cost of $55,000. The machinery was expected
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On January 1, 2017, Freedom Finance purchased machinery at a cost of $55,000. The machinery was expected to have a service life of 10 years and no residual value. The straight-line depreciation method was used. What journal entries should be recorded?
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straight line depreciation cost residual value useful life 55000 0 10 year 5500 JOURNAL ENTRY DATE G... View the full answer
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