Solomon4595 Solomon4595

08-11-2022
Business

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marks consulting purchased equipment costing $45,000 on january 1, year 1. the equipment is estimated to have a salvage value of $5,000 and an estimated useful life of 8 years. straight-line depreciation is used. if the equipment is sold on january 1, year 5 for $22,500, the journal entry to record the sale will include a:

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