On november 1 2011 frigate shipping company bought, Financial Accounting

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On november 1 2011 frigate shipping company bought

On November 1, 2011, Frigate Shipping Company bought equipment that cost $400,000, with an estimated useful life of 8 years and an estimated salvage value of $28,000. The company uses the straight-line method of depreciation and has a fiscal year ending on October 31.

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Financial Accounting: On november 1 2011 frigate shipping company bought

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