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A company has a vehicle that cost 35000 It has a useful life of 7 years and a residual value of 1500 The company uses
A company has a vehicle that cost 35000 It has a useful life of 7 years and a residual value of 1500 The company uses STRAIGHT LINE depreciation the assets was sold at the end of year 6 for 5300 (dec 31st 2020) make the appropriate entry to record the disposal of the asset.