A company sells a piece of equipment (cost $40 000 and accumulated depreciation $25 000) for $5000

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A company sells a piece of equipment (cost $40 000 and accumulated depreciation $25 000) for $5000 cash. What would be the journal entry?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 21, 2023 04:39 AM

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A company sells a piece of equipment (cost $40 000 and accumulated depreciation $25 000) for $5000

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DR DR DR CR Cash A...View the full answer

Financial Accounting An Integrated Approach

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