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Dillman kennels purchased equipment on January 1, 2014 for 300,000. The equipment has an estimated 5 year life and expected salvage value of 50,000. The

Dillman kennels purchased equipment on January 1, 2014 for 300,000. The equipment has an estimated 5 year life and expected salvage value of 50,000. The company uses the straight line method of depreciation On july 1, 2017, Dillman Kennels sells the equipment for $110,000

Record the disposal of the asset.

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