Question: Record journal entry Depreciation expense is calculated once at the end of each year. Depreciation is calculated using the straight-line method over the estimated useful

Record journal entry

Depreciation expense is calculated once at the end of each year. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets(five or ten years for John existing fixed assets)Waren’s depreciation expense for John for 2022 totaled $34,779.31.

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