Business, 20.12.2019 21:31 mmaglaya1

Equipment purchased for $85,000 on january 1, 2010, was sold on july 1, 2013 for $30,000. the company uses the straight-line method of computing depreciation, assuming a five year useful life and no salvage value. when recording the sale, the company should record a debit to accumulated depreciation for:
a) $51,000
b) $59,500
c) $68,000
d) nothing; accumulated depreciation is not debited.
e) none of the above

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Equipment purchased for $85,000 on january 1, 2010, was sold on july 1, 2013 for $30,000. the compan...

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