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a) The equipment will cost $60,000 with no salvage value and a 5-year life, starting January 1, 2023. You can sell your old equipment for

a) The equipment will cost $60,000 with no salvage value and a 5-year life, starting January 1, 2023. You can sell your old equipment for $8,000 (no gain or loss). (Journal entries)

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