On January 1, 2022, Ivanhoe Creek Country Club purchased a new riding mower for $16,500. The mower is expected to have a 10-year life with a $1,600 salvage value. What journal entry would Ivanhoe Creek make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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On January 1, 2022, Ivanhoe Creek Country Club purchased a new riding mower for $16,500. The mower i...
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