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Prepare the journal entry that records the sale how would

Assume Finish Line decided to sell some material handling equipment that was 4 years old for $10M (assume the original cost was $30M and they depreciated it for 7 years, assuming a $2M salvage value). Prepare the journal entry that records the sale. How would this transaction flow through the financial statements?

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Accounting Basics: Prepare the journal entry that records the sale how would

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