Question: In April 1 st , Diagnostic tools and testing equipment with a useful life of 2 years were purchased for cash in the amount of

In April 1^st, Diagnostic tools and testing equipment with a useful life of 2 years were purchased for cash in the amount of 23,460.

November 1st Equipment originally purchased on April 1st for $3,000 is sold for $1,500 cash . What is the accumulated depreciation and depreciation expense for the above transactions? Using the straight line method.

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