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(a) On September 30, 2022, the company sold old equipment for $119,600. The equipment was purchased on January 1, 2020, for $249,600 and was estimated

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(a) On September 30, 2022, the company sold old equipment for $119,600. The equipment was purchased on January 1, 2020, for $249,600 and was estimated to have a $41,600 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) ite Account Titles and Explanation Debit Credit 4.30, 2022 (To record depreciation expense for the first 9 months of 2022) (To record sale of delivery equipment) Save for Later Attempts: 0 of 1 used Submit

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