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29 August, 15:20

DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $2,440 for office equipment and $6,230 for production equipment. Prepare the two entries to record the depreciation.

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  1. 29 August, 19:15
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    The two journal entries to record the depreciation is shown below:

    On December 31

    Depreciation expense - office equipment $2,440

    To Accumulated depreciation - office equipment $2,440

    (Being the depreciation expense is recorded)

    On December 31

    Depreciation expense - production equipment $6,230

    To Accumulated depreciation - production equipment $6,230

    (Being the depreciation expense is recorded)
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