counselors of Atlanta purchased equipment on January 1, 2017 for $20,000 counselors of Atlanta expected the equipment to last for four years and have a residual value of $2,000. suppose counselors of Atlanta sold equipment for $8,000 on December 31 2019 after using the equipment for 3 for your ears assume that appreciation for 2018 has been recorded journalize the sale of the equipment assuming straight-line depreciation was used

or loss on the disposal of the equipment First, calculate any gain Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Enter any number in the edit fields and then click Check