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Equipment purchased for $70,000 on January 1, 2020, was sold on July 1, 2023. The company uses the straight-ine annually. When recording the sale, the

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Equipment purchased for $70,000 on January 1, 2020, was sold on July 1, 2023. The company uses the straight-ine annually. When recording the sale, the company should record a debit to Accumulated Depreciation-Equipment for method of computing depreciaion and recognizes $8,000 off depreciation expense O B. S24.000. O C. $28,000. O D. $32,000

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