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January 1, 2017 (Purchasing Date) company purchased equipment at cost $300,000, had an estimated 5-year life and an expected residual value of $150,000. Company uses
January 1, 2017 (Purchasing Date) company purchased equipment at cost $300,000, had an estimated 5-year life and an expected residual value of $150,000. Company uses straight line method for depreciation. Annual Depreciation Expense is Choose... Accumulated Depreciation at September 1, 2021 is Choose... Assume on September 1, 2021 Company sold this equipment for S 165,000, what is the amount of gain or losses? Choose... Assume on September 1, 2021 Company retired this equipment, what is the amount of gain or loss? Choose... Book Value at September 1, 2021 is Choose
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