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Business, 08.11.2019 04:31 mine9226

Abbott landscaping purchased a tractor at a cost of $44,000 and sold it three years later for $19,600. abbott recorded depreciation using the straight-line method, a five-year service life, and a $1,500 residual value. tractors are included in the equipment account. 2. assume the tractor was sold for $15,400 instead of $19,600. record the sale

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Abbott landscaping purchased a tractor at a cost of $44,000 and sold it three years later for $19,60...
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