Sesame Company purchased a computer system for $74,000 on January 1, 2011. It was depreciated based on
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Sesame Company purchased a computer system for $74,000 on January 1, 2011. It was depreciated based on a 7-year life and an $18,000 salvage value. On January 1, 2013, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Prepare Sesame’s entry to record 2013 depreciation expense.
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The journal entry for Sesame Company to record 2013 de...View the full answer
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