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Exercise 1-17 Record the sale of equipment (L66) [The following information applies to the questions displayed below. Abbott Landscaping purchased a tractor at a cost

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Exercise 1-17 Record the sale of equipment (L66) [The following information applies to the questions displayed below. Abbott Landscaping purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account

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