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Sesame company purchased a computer system equipment for

Question - Sesame Company purchased a computer system (equipment) for $64,600 on January 1, 2013. It was depreciated based on a 7-year life and an $18,750 salvage value. On January 1, 2015, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,880.

Prepare Sesame's entry to record 2015 depreciation expense.

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Accounting Basics: Sesame company purchased a computer system equipment for

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