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Reflex Corp purchased equipment on June 30, 2011 for $50,000. It had an estimated useful life of 10 years and an estimated salvage value of

Reflex Corp purchased equipment on June 30, 2011 for $50,000. It had an estimated useful life of 10 years and

an estimated salvage value of $12,000. On January 1, 2019, it was sold for $24,000. Reflex uses the straight

line method of depreciating its assets. The journal entry to record the disposal of this asset would include:

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