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Crane Company owns equipment that cost $123,000 when purchased on Januacy 2,2024 , It has been depreciated using the straightline method based on estimated residual

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Crane Company owns equipment that cost $123,000 when purchased on Januacy 2,2024 , It has been depreciated using the straightline method based on estimated residual value of $3,000 and an estimated usefullife of five years. Following are the four independent situations (a) Your anwer has been saved See vore details after the due date Prepare Crane Company's joumal eatcy to record the sale af the equipment for $53.900 on January 2 2.2027. (Cred) ocedant titles are autometicaliy indented when the amount is entered Do not indent monually. If no entry is required, select " No Entry" for the account titiei and enter o for the amounts. List oll debit entries before credit entries) Prepare Crane Company's journal entry to record the sale of the equipment for $30,300 on January 2, 2027. (Credit occount titles are automatically indented when the amount is entered, Do not indent manuallk. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. List all debit entries before credit entries

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