Question: An asset's book value is $ 3 6 , 0 0 0 on January 1 , Year 6 . The asset is being depreciated $

An asset's book value is $36,000 on January 1, Year 6. The asset is being depreciated $500 per month using the straight-line method. Assuming the asset is sold on July 1, Year 7 for $25,000, the company should record:

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