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please help Disposat of fedt Perfect Auto Rentals sold one of its cars on January 1, Perfect had acquired the car 2 years earlier for
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Disposat of fedt Perfect Auto Rentals sold one of its cars on January 1, Perfect had acquired the car 2 years earlier for $13,500. At acquisition, Perfect assumed that the car would have an estimated of 3 years and residual value of $3,000. Assume that Perfect had properly used the straight line depreciation method in previous year Required: Prepare the journal entry to record the sale of the car assuming the car wald for (0) $6,500 cash, (b) 84,000 cath, and (c) $7,000 cash. The company recorded the carat equipment. It an amount box does not require an entry, leave it blank. HII llll llll Check My Work Che Working Step by Step Solution
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