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Presented below is information related to equipment owned by Concord Company at December 31, 2025. Cencord intends to dispose of the equipment in the coming
Presented below is information related to equipment owned by Concord Company at December 31, 2025. Cencord intends to dispose of the equipment in the coming wear, It is expected that the cost of disposal will be $21,000. As of December 31,2025 , the equipment has armaining uscful life of 4 yoars. Prepare the journal entry (if any) to record depreciation expense for 2026. (H no entry is required, select "No entry" for the account titles and enter O for the amounts, Credit oceount titles are automatically indented when amount is entered. Do not indent manually L List debit entry before creait entry.) eTextbook and Media List of Accounts Attempts: 3 of 15 used
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