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Additional information about transactions and events occurring in 2024 follows: 3. During 2024, equipment originally purchased for $90,000 (75\% depreciated), was sold for $20,000. Upload your work related to this item, here. UF Question 4 4. On February 28,2024 , equipment was purchased using a $90,000 Notes Payable (at 9% interest), and a cash down payment. The first payment is due on June 30,2025. The equipment has a 10 year life, with a $5,000 salvage value. The accountant did not recorded any adjusting entries depreciation this year. Upload your work related to this item, here. UF