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consider equipment costing 8 0 0 0 with accumulated depreciation of 6 0 0 0 on december 3 1 2 0 2 0 . this

consider equipment costing

8000

with accumulated depreciation of

6000

on december

31 2020 .

this equipment is being depreciated using the straight line method over

8

years with zero residual value.on July

1 2021

it is discarded. what is the journal entry to record disposal

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