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on January 1,2012 mill corporation purchased for $152,000, equipment having a useful life of ten years and estimated salvage value of $5,000. Mill has recorded
on January 1,2012 mill corporation purchased for $152,000, equipment having a useful life of ten years and estimated salvage value of $5,000. Mill has recorded monthly depreciation of the equipment on the straight-line method. on December 31,2020 the equipment was sold for $28,000. as a result of this sale, record the value of the equipment.
Date. Account. Dr. Cr.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
