On March 31, Martinez sold for $1,900 equipment that originally cost $13,000. It had an...
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Accounting
On March 31, Martinez sold for $1,900 equipment that originally cost $13,000. It had an estimated life of 5 years and salvage of $1,000. Accumulated depreciation as of December 31, 2016, was $9,600 using the straight line method. (Hint: Record depreciation on the equipment sold, then record the sale.) Please prepare the journal entry to record Depreciation Expense. |
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