Business, 22.11.2019 05:31 Ashley606hernandez

Strawberry fields purchased a tractor at a cost of $39,000 and sold it two years later for $25,300. strawberry fields recorded depreciation using the straight-line method, a five-year service life, and an $8,000 residual value.

(1) what was the gain or loss on the sale?
(2) record the sale.

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Strawberry fields purchased a tractor at a cost of $39,000 and sold it two years later for $25,300....