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accretion expense will Schefter report in its 2021 income statement? 26. On June 1, 2022 Emilia Cars sold a piece of equipment it purchased on

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accretion expense will Schefter report in its 2021 income statement? 26. On June 1, 2022 Emilia Cars sold a piece of equipment it purchased on January estimated useful life of ten years and a residual value of $50,000. Emilia recorded depreciation through December 31, 2021 using the straight-line method. Prepare the journal entry(s) required to record the disposal

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