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On May 1 , Jordan Industries sells equipment for $1,750. The equipment had a historical cost of $13,000 and accumulated depreciation, as of December 31
On May 1 , Jordan Industries sells equipment for $1,750. The equipment had a historical cost of $13,000 and accumulated depreciation, as of December 31 of the previous year, of $11,000. Annual depreciation is $1,200. Journalize the partial-year depreciation expense and disposal of the equipment
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