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what is the adjusting journal entry for: ● Equipment: Straight line method used for equipment. o Mixing machine: $5,000 initial cost, $500 salvage value, 3rd year of use of 7 total. Ovens: $8,000 initial cost, $1,000 salvage value, 3rd year of use of 7 total.

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what is the adjusting journal entry for:
●     Equipment:

Straight line method used for equipment.

o  Mixing machine: $5,000 initial cost, $500 salvage value, 3rd year of use of 7 total. Ovens: $8,000 initial cost, $1,000 salvage value, 3rd year of use of 7 total. 

 
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