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GGG purchased a car in January 2001 for 120,000. the useful life of the car is expected to be 4 years. the car is sold

GGG purchased a car in January 2001 for 120,000. the useful life of the car is expected to be 4 years. the car is sold in July 2002 for 92,000. prepare the Journal entries for 1- the purchase of the car 2- Depreciation 3- Disposal

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