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An asset's book value is $28,800 on January 1, Year 6. The asset is being depreciated $400 per month using the straight-line method. Assuming the

An asset's book value is $28,800 on January 1, Year 6. The asset is being depreciated $400 per month using the straight-line method. Assuming the asset is sold on July 1, Year 7 for $19,600, the company should record:

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