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Carla Vista Ltd . purchased a piece of equipment on May 1 2 , 2 0 2 4 , for $ 5 2 , 4

Carla Vista Ltd. purchased a piece of equipment on May 12,2024, for $52,400. At the time, management determined that the
equipment would have a 4-year useful life and a residual value of $5,600. Carla Vista uses the straight-line depreciation method
for its equipment, and the company has a December 31 year end. Also assume that Astrom sold the equipment on September 25,
2026, for $20,960. Hint: Depreciate to the nearest full month. (Record entries in the order displayed in the problem statement. 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 0 for the amounts. List all debit entries before credit entries.)
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