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Required information (The following information applies to the questions displayed below.] Faucet Landscaping purchased a tractor at a cost of $28,000 and sold it three
Required information (The following information applies to the questions displayed below.] Faucet Landscaping purchased a tractor at a cost of $28,000 and sold it three years later for $14,900. Faucet record depreciation using the straight-line method, a five-year service life, and a $3,500 residual value. Tractors are include the Equipment account. Required: 1. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the fir field.) Journal entry worksheet Required information [The following information applies to the questions displayed below] Faucet Landscaping purchased a tractor at a cost of $28,000 and sold it three years later for $14,900. Faucet recorded depreciation using the straight-line method, a five-year service life, and a $3,500 residual value. Tractors are included in the Equipment account. Assume the tractor was sold for $9,700 insteap of $14,900. Record the sale. (If no entry is required for a particular ransaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before creans
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