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On December 29, 2020. Patel Products, Inc, sells a delivery van that cost $20,000. The equipment had accumulated depreciation of $16,000 at December 31, 2019.
On December 29, 2020. Patel Products, Inc, sells a delivery van that cost $20,000. The equipment had accumulated depreciation of $16,000 at December 31, 2019. Annual depreciation on this equipment is $2,000 computed using straight-line depreciation. Complete the necessary journal entry to bring the accumulated depreciation up-to-date by selecting the account names from the drop- down menus and entering the dollar amounts in the debit or credit columns View transaction list Journal entry worksheet 1 On December 29, 2020, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumulated depreciation of $10,000 at December 31, 2019. Annual depreciation on this equipment is $2,000 computed using straight-line depreciation Note: Enter debits before credits General Journal Debit Date Dec 29 Credit Record entry Charenty View general journal
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