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Exhibit 23-2 on January 1, 2010, Michelle, Inc

Question 50

Multiple Choice

Exhibit 23-2 On January 1, 2010, Michelle, Inc.purchased a machine for $48, 000.Eight-year, straight-line depreciation with no salvage value was used through December 31, 2013.On January 1, 2014, it was estimated that the total useful life of the machine from acquisition date was ten years.
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Refer to Exhibit 23-2.The adjusting entry that should be made on January 1, 2014, will be in the amount of


A) $4, 000
B) $4, 800
C) $2, 400
D) $ 0

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