Metro Graphic Design purchased equipment on January 1, 2016, for $18,000. Suppose Metro Graphic Design...
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Accounting
Metro Graphic Design purchased equipment on January 1, 2016, for $18,000. Suppose Metro Graphic Design sold the equipment for $13,000 on December 31, 2018. Accumulated Depreciation as of December 31, 2018, was $12,000. Journalize the sale of the equipment, assuming straight-line depreciation was used.
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