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1.	HOW ARE FINANCIAL STATEMENTS DIFFERENT IN A PROPRIETORSHIP THAN A CORPORATION HOW ARE ADJUSTING AND CLOSING ENTRIES DIFFERENT?
2.	Edward purchased a new computer system worth $30,000 on January 1, 2000. He estimates that the computer system will depreciate at a rate of 25% per year. What value should Edward assign the computer system on his 2004 year-end accounting report?

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