On January 1st, 2018, Goodyear Auto Service purchases equipment for $30,000 with a useful life...
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Accounting
On January 1st, 2018, Goodyear Auto Service purchases equipment for $30,000 with a useful life of 20 years, with no residual value. The company uses straight-line method for depreciation. On June 30th, 2021, the company decides to sell the equipment for $19,500. The company would record a:
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