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Truck, trailer, and mowers are depreciated monthly over 72 months The total capital...

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Accounting

Truck, trailer, and mowers are depreciated monthly over 72 months

The total capital equipment is 45,000.

Would the adjusting entry at the end of the month be:

Depreciation Expense $625 (45,000 /72)

Accumulated Depreciation for capital equipment $625

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