Plant equipment originally costing $32.400, on which $21,600 of up-to-date depreciation has been accumulated, was sold for

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Plant equipment originally costing $32.400, on which $21,600 of up-to-date depreciation has been accumulated, was sold for $8.100.

a. Prepare the journal entry to record the sale.

b. Prepare the entry to record the sale of the equipment if $90 of removal costs were incurred to allow the equipment to be moved. lop85

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:06 AM

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Plant equipment originally costing $32.400, on which $21,600 of up-to-date depreciation has been accumulated, was sold for

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Accounting A Business Perspective

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