An asset acquired January 1,2013, for $15,700 with an estimated 10-year life and no residual...
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Accounting
An asset acquired January 1,2013, for $15,700 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life & eight years. The asset is sold on December 31, 2014. for $6,800. The entry to record the sale would be
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