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  3. 3. courselon of douglawie purchased equipment on j

3. Courselon of Douglawie purchased equipment on January 1, 2017 for 556.500 Countelor of Dougla...

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Accounting

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3. Courselon of Douglawie purchased equipment on January 1, 2017 for 556.500 Countelor of Dougla ville expected the equipment to last for seven years and have a residual value of $3.000 Suppose Counselors of Douglasvile sold the equipment for $20,000 on December 31, 2001, after using the equipment for five years Assume depreciation for 2021 has been recorded. Journalize the sale of the equipment ming straight-ine depreciation was used Fint, calculate any gain or loss on the sposal of the equipment Market value ofreceived 20,000 Less Book value of net disposed of COM 55 500 7500 Lumut Depreciation 63000 Cain or floral 43.001 Now.joumains the we of the woman (Recortetits first, then rech. Stect the explanation on the last ned try ab.) De Accounts and planation Cr

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