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Carla Vista Company sold the following two pieces of equipment in 2022: Cost Purchase date Useful life Salvage value Depreciation method Date sold Sales price
Carla Vista Company sold the following two pieces of equipment in 2022: Cost Purchase date Useful life Salvage value Depreciation method Date sold Sales price Equipment A Equipment A $185,600 7/1/18 July 1 8 years $6,400 Straight-line 7/1/22 $78,400 Equipment B Date Account Titles and Explanation (To record depreciation) (To record the sale of asset) $100,800 1/1/19 5 years Journalize all entries required to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) $4,800 Straight-line 9/1/22 $32,000 Debit Credit
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