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Prepare entry to record depreciation expense

Response to the following problem:

Sesame Company purchased a computer system for $74,000 on January 1, 2013. It was depreciated based on a 7-year life and an $18,000 salvage value. On January 1, 2015, 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 2015 depreciation expense.

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Accounting Basics: Prepare entry to record depreciation expense

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Accounting Basics: Prepare entry to record depreciation expense

Reference No:- TGS02123821

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