Question: Please Show your work as well as how you did it! :) Assume that Tsua Enterprises sold the asset on July 1, 2017, and received

Please Show your work as well as how you did it! :)

Assume that Tsua Enterprises sold the asset on July 1, 2017, and received $18,500 cash and a note for an additional $11,500. Required: 1. Identify and analyze the effect of the transaction for depreciation for 2017. with a minus sign. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. Identify and analyze the effect of the sale of the asset

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