An asset acquired January 1,2016,for $15,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years.The asset is sold on December 31,2017,for $6,000.The entry to record the sale would be:

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The Answer of An asset acquired January 1,2016,for $15,000 with an estimated 10-year life and no residual value is being depreciated in an equipment group asset account that has an average service life of eight years.The asset is sold on December 31,2017,for $6,000.The entry to record the sale would be:

An Asset Acquired January 1,2016,for $15,000 with an Estimated 10-Year