Debit the depreciation account and credit accumulation, Financial Accounting

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Debit the depreciation account and credit accumulation

Debit the Depreciation Account and Credit Accumulation Depreciation for the following: June 30, 2014-Sold a computer that was purchased on January 1, 2011.The computer cost $30,000. It had a useful life of 5 years with no salvage value. The computer was sold for $10,500.

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Financial Accounting: Debit the depreciation account and credit accumulation

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Financial Accounting: Debit the depreciation account and credit accumulation

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