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In: Accounting(b Stevenson Company purchased equipment for $250,000 on January1, 2010. The estimated salvage value is...(b Stevenson Company purchased equipment for $250,000 on January1, 2010. The estimated salvage value is $50,000, and the estimateduseful life is 5 years. The straight-line method is used fordepreciation. On July 1, 2013 Stevenson sold the equipment for$100,000. The journal entry to record the sale of the equipmentwill include. (5 points)A.A debit to cash of $100,000, a credit to equipment of$250,000B.A credit to accumulated depreciation of $140,000C.A debit to cash of 250,000, a credit to equipment of$100,000D.A debit to equipment of 250,000, a credit to cashof $100,000E.None of the above
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