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Business, 19.11.2019 21:31 ciarrap552

Counselors of savannah purchased equipment on january 1, 2017, for $43,000.
counselors of savannah expected the equipment to last for five years and have a residual value of $500.
suppose counselors of savannah sold the equipment for $27,200 on december 31,2018 after using the equipment for two full years.
assume depreciation for 2018 has been recorded.
journalize the sale of the equipment, assuming straight-line depreciation was used:

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Counselors of savannah purchased equipment on january 1, 2017, for $43,000.
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