Phill Co. has delivery equipment that cost $54,000 and has been depreciated $20,000. Instructions Record entries for
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Phill Co. has delivery equipment that cost $54,000 and has been depreciated $20,000.
Instructions Record entries for the disposal under the following assumptions.
(a) It was scrapped as having no value.
(b) It was sold for $37,000.
(c) It was sold for $18,000.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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