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On January 01, 2006 Brioche Dory Inc. purchased equipment at a cost of $28,000. The equipment has been depreciated by the straight line method using

On January 01, 2006 Brioche Dory Inc. purchased equipment at a cost of $28,000. The equipment has been depreciated by the straight line method using 4 years life time and $4,000 salvagevalue. Required: Prepare the journal entry to record the disposal of the equipment (selling) assuming that it is sold for $8,000 cash on Jan 01, 2009.

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