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Sold an electric truck lift to Stierman Co. for $2,500 cash. The original cost was $7,900 with a ten-year life with a salvage value of

Sold an electric truck lift to Stierman Co. for $2,500 cash. The original cost was $7,900 with a ten-year life with a salvage value of $900. Accumulated depreciation recorded through 12/31/21 of $4,550. Blue Ridge utilizes the straight- line method for truck-lift assets. How to record a journal entry?

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