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0 On January 1, 2017, Big Red Brewery purchased a van for $41,000. Big Red expects the van to have a useful life of five

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0 On January 1, 2017, Big Red Brewery purchased a van for $41,000. Big Red expects the van to have a useful life of five years and a residual value of $6,000. The depreciation method used was straight-line. On December 31, 2020, the van was sold for $18,000 cash. Requirements 1. What was the carrying amount of the van at the date of sale? 2. Record the sale of the van on December 31, 2020. Requirement 1. What was the carrying amount of the van at the date of sale? (Round to the nearest whole dollar.) The carrying amount of the van at the date of sale was Requirement 2. Record the sale of the van on December 31, 2020. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Date Debit Credit 2020 Dec 31

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