Chapter Homework 7 Instructions I help save & Exit )( Submit Questions 15-16for Exercise 7-17 Record the sale of equipment (LO7-6) The foWowing information applies to the questions displayed below Abbort Landscaping purchased a tractor at a cost of $45,000 and sold it three years later for $21,000. Abbott recorded depreciation using the straight-ine method, a five year service life, and o $3.000 residual value. Tractors are included in the Equipment account References Exercise 7-17 Record the sale of equipment a076) Section Break 100 points tou received credit for this question in a previous attempt