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DATE debit cridet 1 1/1/2019 2 3 4 12/31/2019 5 6 7 12/31/2020 8 9 ## 12/31/2021 ## ## ## 4/1/2022 ## ## ## 4/1/2022

DATE debit cridet
1 1/1/2019
2
3
4 12/31/2019
5
6
7 12/31/2020
8
9
## 12/31/2021
##
##
## 4/1/2022
##
##
## 4/1/2022
##
##
##
DATE TRANSACTIONS: SKIP ONE LINE BETWEEN TRANSACTIONS
1 1/1/2019 Valdosta purchased equipment for $28,000 on account.
Valdosta uses SL depreciation with life of 6 years and salvage value of $4,000.
2 12/31/2019 Valdosta records depreciation for the first year, using straight line depreciation.
3 12/31/2020 Valdosta records depreciation for the second year.
4 12/31/2021 Valdosta records depreciation for the third year.
5 4/1/2022 On this date, prior to sale, Valdosta records depreciation from 12/31 to today.
6 4/1/2022 The equipment is sold for $18,000 cash on this date.
Bring the Accumulated Depreciation to zero.
Bring the Equipment account to zero.
Record the Gain or Loss.
please use excel for the answer

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