I have followed this exactly with updated numbers and the answer is not correct. I...
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Accounting
I have followed this exactly with updated numbers and the answer is not correct. I have the following as of 12/31/2021 Depreciation expense: 8,000 PPE cost: 160,000 Accumulated depreciation: (32,000) Net: 128,000 I came up with an entry for 2021 Interest expense (year of change) of $31,024 - not correct
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