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Business, 01.03.2021 19:50 elainelytal1508

On 1/1, Student Union Corporation purchased a building for $1,000,000 by signing a 10-year note payable. If Student Union Corp uses straight line depreciation to calculate depreciation expense and the building has a useful of 10 years, what account is debited and what account is credited in the adjusting journal entry required on 12/31 before the financial statements are prepared

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