Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000. Instructions Record the disposal

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Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000.

Instructions
Record the disposal under the following assumptions.
(a) It was scrapped as having no value.
(b) It was sold for $21,000.
(c) It was sold for $31,000.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 01:58 AM

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Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000. Instructions Record the disposal

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