Question: On May 1 , 2 0 2 1 , Concord Company sells office furniture for $ 2 9 1 6 0 0 cash. The office

On May 1,2021, Concord Company sells office furniture for $291600 cash. The office furniture originally cost $760000 when purchased on January 1,2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $77800.
What depreciation expense should be recorded on this asset in 2021? On May 1,2021, Concord Company sells office furniture for \(\$ 291600\) cash. The office furniture originally cost \(\$ 760000\) when purchased on January 1,2014. Depreciation is recorded by the straight-line method over 10 years with a salvage value of \(\$ 77800\). What depreciation expense should be recorded on this asset in 2021?
On May 1 , 2 0 2 1 , Concord Company sells office

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