XXL True-Bluu sells a pair of shoes for $839. Sales tax is 7.5%. Record the sale. XXII A piece of equipment costs $17,000 and thus far, accumulated depreciation is $7,000. After reconsideration, the salvage value is estimated to be $1,000 instead of $2,500 and the remaining useful life is now 5 years. Recalculate the annual depreciation assuming straight-line depreciation. XXIII. TWO-Tall Industries purchased erasers for $1.020, cash and sold them for $5,000 on account. Two-Tall offers terms of 1.5/10, net 20. Record the purchase and sale. (Remember GAAF requires that receivables be recorded at the amount one expects to receive.)