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Business, 21.04.2020 21:59 lakeshia8880

Abbott Landscaping purchased a tractor at a cost of $35,000 and sold it three years later for $17,500. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account. 2. Assume the tractor was sold for $10,900 instead of $17,500. Record the sale

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Abbott Landscaping purchased a tractor at a cost of $35,000 and sold it three years later for $17,50...
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