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Question 32 30 pts Your company purchased a conveyor belt for its factory on January 1, 2015 for a cost of $5,000 The equipment had

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Question 32 30 pts Your company purchased a conveyor belt for its factory on January 1, 2015 for a cost of $5,000 The equipment had a salvage value of $500 and an estimated useful life of 10 years. The company uses straight-line depreciation. On January 1, 2019. you sold the conveyor belt for $3,800. Would you have a gain or loss on the disposal of the equipment? How much? Gain or Loss? How much? Question 33 10 pts Using the information from the previous problem, prepare the journal entry for the sale of the equipment (Submit the journal entry in proper journal entry format.) Edit View Insert Format Tools Table 12pt Paragraph

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