Prepare the entry to record the sale


An asset acquired January 1, 2011, for $14,300 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 of eight years. The asset is sold on December 31, 2012, for $5,800. prepare the entry to record the sale ?

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Accounting Basics: Prepare the entry to record the sale
Reference No:- TGS088801

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