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The balance in accumulated depreciation at january 1 is

O'Brien Sports and Outdoors sold display equipment on August 1, 2016 for $1,500. The equipment had cost $24,000. The balance in Accumulated Depreciation at January 1 is $20,000. What entry would O'Brien Sports and Outdoors make to record the sale of the equipment?

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Accounting Basics: The balance in accumulated depreciation at january 1 is

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