On january 1 2008 moore company purchased equipment for

Reference no: EM13595589

On January 1, 2008, Moore Company purchased equipment for $16,000. Moore uses straight-line depreciation and estimates a five-year useful life and a $1,000 salvage value. On December 31, 2012, the equipment was stolen. Assuming the equipment was not insured against theft, the journal entry to record the theft should reflect

Reference no: EM13595589

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