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Financial Accounting3. Accrual Accounting ConceptsAdjusting Entries: Depreciation
Problem

On January 1, 1989 XYX Company purchased a machine for $180,000 in cash. The company estimated a nine year useful life with no salvage value. After the correct entries are made, what will be the balance in the Accumulated Depreciation account on December 31, 1992?

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Master Adjusting Journal Entries: Depreciation (First Year) with a bite sized video explanation from Brian Krogol

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08:51
Adjusting Journal Entries: Depreciation (First Year)
Brian Krogol
326
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02:10
Adjusting Journal Entries: Depreciation (Second Year)
Brian Krogol
198
2
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