Question: How do you put this in a general journal entry and adjusted? Cash for $80,000 was paid for Equipment on Jan 1, 2020. The estimated

How do you put this in a general journal entry and adjusted?

Cash for $80,000 was paid for Equipment on Jan 1, 2020. The estimated useful life is 4 years with no salvage value. Depreciation on equipment will be $20,000 for each year.

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