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Journal entry worksheet On December 2 9 , 2 0 2 1 , Patel Products, Incorporated, sells a delivery van that cost $ 2 0

Journal entry worksheet

On December

29, 2021,

Patel Products, Incorporated, sells a delivery van that cost $

20, 000 .

The equipment had accumulated depreciation of $

16, 000

at December

31, 2020 .

Annual depreciation on this equipment is $

2, 000

computed using straight

-

line depreciation.

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