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Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
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Step 2 Amortization Expense forthe year is recorded in amortization expense account by debiting it and accumulated amortization account by crediting it. Here, amortization expense in 2019 Income Statement is $400, which will be balance of accumulated amortization in 2019 for $400. Correctanswer is B.
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