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Max Company purchaved equipment in January 1,2007 for $300000 and estloated a S10000el vale 10r el using the straight-ine method of depreciation On December 31,

Max Company purchaved equipment in January 1,2007 for $300000 and estloated a S10000el vale 10r el using the straight-ine method of depreciation On December 31, 2011, the equipment was sold for S500.000 Instruction Journalize the transaction On December 31, 2011

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