Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the
Question:
Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for
(1) $47,000 cash,
(2) $36,000 cash, and
(3) $31,000 cash.
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Book value of old equipment 76800 40800 36000 Cash Accumulated depreciation 1 2 3 ...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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