Express Co. has delivery equipment that cost ($ 48,000) and has been depreciated ($ 20,000) section*{Instructions} Record
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Express Co. has delivery equipment that cost \(\$ 48,000\) and has been depreciated \(\$ 20,000\)
\section*{Instructions}
Record entries for the disposal under the following assumptions:
(a) It was scrapped as having no value.
(b) It was sold for \(\$ 31,000\).
(c) It was sold for \(\$ 18,000\).
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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