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Crane Company sells office equipment on July 31,2022, for $21,850 cash. The office equipment originally...

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Accounting

Crane Company sells office equipment on July 31,2022, for $21,850 cash. The office equipment originally cost $77,730 and as of January 1,2022, had accumulated depreciation of $39,740. Depreciation for the first 7 months of 2022 is $4,030.

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