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is my journal entry correct? Equipment was purchased for $33,000 on January 1,2024. The equipment's estimated useful life was eight years, and its residual value
is my journal entry correct?
Equipment was purchased for $33,000 on January 1,2024. The equipment's estimated useful life was eight years, and its residual value was $1,000. The double - declining - balance method of depreciation was used Prepare the journal entry to record the sale of the equipment for- $9,900 on January 2,2025 Step by Step Solution
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