On January 1,20x3, Mercury Mining purchased equipment for ( $ 26,000 ) with an estimated four-year life and ( $ 3,000 ) residual value. The company uses straight-line depreciation. What journal entry would Mercury Mining make if the equipment was sold on December ( 31,20 imes 5 ) for ( $ 9,000 ). Multiple Choice

On January 1,203, Mercury Mining purchased equipment for $26,000 with an estimated four-year life and $3,000 residual value. The company uses straight-line depreciation. What journal entry would Mercury Mining make if the equipment was sold on December 31,205 for 59,000 . Muituple Choice