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Accounting for Equipment sold for $8.000. Required Assume that tev Company uses the sualght life depreciation method Accounting for Equipment On january 2, Lev Company
Accounting for Equipment sold for $8.000. Required Assume that tev Company uses the sualght life depreciation method Accounting for Equipment On january 2, Lev Company purchases equipment for use in fabrication of a part for one of its key products. The equipment costs $76,000, and its estimated useful life is five sold for $8,000. Required Prepare journal entries to record the initial purchase of the equipment on january 2 and the year-end depreciation adjustment on December 31 , and post the journal entries to Assume that Lev Company uses the straight-line depreciation method. ve the answer blank or add a zero
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