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Required information The following information applies to the questions displayed below) Abbott Landscaping purchased a tractor at a cost of $42.000 and sold it three

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Required information The following information applies to the questions displayed below) Abbott Landscaping purchased a tractor at a cost of $42.000 and sold it three years later for 521500 Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3.000 residual value. Tractors are included w the Equipment account. 2. Assume the tractor was sold for $13,600 instead of $21600. Record the sale of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. > No Transaction General Journal Det Cro 1 Cash 13.600 23.400 Accumulated Depreciation Loss 42.000 Equipment OOOO SH of 23 Next >

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