Pelman Company purchased equipment on January 1, 2016, for $32,000. Suppose Pelman sold the equipment for $5,000

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Pelman Company purchased equipment on January 1, 2016, for $32,000. Suppose Pelman sold the equipment for $5,000 on December 31, 2017. Accumulated Depreciation as of December 31, 2017, was $22,000. Journalize the sale of the equipment, assuming straight-line depreciation was used.
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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