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Homework Answers
Book value at the end of 2020 = 1900000*80%*80% = 1216000
2021 Depreciation expense = (1216000-800000)/8 = 52000
| No | General Journal | Debit | Credit |
| 1 | Depreciation expense | 52000 | |
| Accumulated depreciation-equipment | 52000 | ||
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