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The following information applies to the questions displayed below.] Greenscape Landscaping purchased a tractor at a cost of $38,000 and sold it three years later
The following information applies to the questions displayed below.] Greenscape Landscaping purchased a tractor at a cost of $38,000 and sold it three years later for $19,300. Greenscape recorded depreciation using the straight-line method, a five-year service life, and a $2,500 residual value. Tractors are included in the Equipment account. 2. Assume the tractor was sold for $12,100 instead of $19,300. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry
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