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I need help with the debit and credit balances please!! Astrom Ltd. purchased a piece of equipment on January 1, 2020, for $52,800. At the

I need help with the debit and credit balances please!!

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Astrom Ltd. purchased a piece of equipment on January 1, 2020, for $52,800. At the time, management determined that the equipment would have a 4-year useful life and a residual value of $4,800. Astrom uses the double-diminishing-balance depreciation method for its equipment, and the company has a December 31 year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Equipment 52,800 Cash 52,800 Dec. 31, 2020 # Depreciation Expense Accumulated Depreciation - Equipment Dec. 31, 2021 + Depreciation Expense Accumulated Depreciation - Equipment Dec. 31, 2022 # Depreciation Expense Accumulated Depreciation - EquipmentAstrom Led. purchased a piece of equipment on May 12, 2020, for $52,800. At the time, management determined that the equipment would have a 4-year useful life and a residual value of $4,800. Astrom uses the straight-line depreciation method for its equipment, and the company has a December 31 year end. Also assume that Astrom sold the equipment on September 25, 2022, for $21,800. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 12, 2020 # Equipment 52,800 Cash 52,800 . 31, 2020 Depreciation Expense Accumulated Depreciation - Equipment . 31, 2021 # Depreciation Expense 12,000 Accumulated Depreciation - Equipment 12,000 . 31, 2022 # Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) 25, 2022 Cash 21,800 (To record sale of equipment)

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