Abbott Landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,600. Abbott recorded depreciat

Question

4 years ago

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Abbott Landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,600. Abbott recorded depreciat

ion using the straight-line method, a five-year service life, and a $3,000 residual value. Tractors are included in the Equipment account.Required:1. Record the sale.2. Assume the tractor was sold for $13,600 instead of $21,600. Record the sale of equipment.

Business

1 answer:

serg [7] · Answer 1 · 2022-01-03T20:55:12+03:00

serg [7]4 years ago

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Answer:

Hi

Explanation:

Hi