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Financial Accounti Question1 Metlock, Inc. owns equipment that cost $62,200 when purchased on January 1, 2016. It has been depreciated using the straight-ine method based

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Financial Accounti Question1 Metlock, Inc. owns equipment that cost $62,200 when purchased on January 1, 2016. It has been depreciated using the straight-ine method based on an estimated salvage value of $4,000 and an estimated useful life of S years Prepare Metlock, Inc.'s journal entries to record the sale of the e when amount is entered. Do not indent manually. Roond titles and enter 0 for the amounts.) quipment in these four independent situations. (Credit answers to 0 decimal places, e-.125. if no entry is required, select "No Entry" far the accounr account titles are automatically indented a) Sold for $29,920 on lanary 1, 2019 b) Sold for $29,920 on lay 1, 2019. c) Sold for $10,700rn (d) Sold for $10,700 on October 1, 2019 2019 No. Account Titles and Explanation Debit (To record deprediation) F11 F12 DELL Page Backspace

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