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A hospital purchased an X-ray machine on January 1, Year 1, for $200,000. The machine...

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Accounting

A hospital purchased an X-ray machine on January 1, Year 1, for $200,000. The machine costs $5,000 to install and has a life of six years. The salvage value at the end of Year 6 is expected to be $35,000. Using straight-line depreciation, what would be the monthly journal entry from the hospital for depreciation, rounded to the nearest dollar?

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