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Sold equipment for receipt of a 3 month, 5%, $7,500 note receivable. The original cost of the equipment was $12,450, salvage value was estimated to

Sold equipment for receipt of a 3 month, 5%, $7,500 note receivable. The original cost of the equipment was $12,450, salvage value was estimated to be $4,000 and accumulated depreciation at the time of sale was $4,500. Please show step by step...

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