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An asset acquired January 1, 2021, for $15,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset

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An asset acquired January 1, 2021, for $15,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years. The asset is sold on December 31, 2022 for $6,000. The entry to record the sale would be Multiple Choice Cash Los on sale of equipment Lesent 56.000 39,000 315.000 35,000 56,000 35,000

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