8. As of December 31, 19X8, accumulated depreciation of $10,000 has been recorded on equipment that had
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8. As of December 31, 19X8, accumulated depreciation of $10,000 has been recorded on equipment that had originally cost $15,000. What is the entry to record the disposal of the assets
(a) if the equipment was discarded and no funds were received for it?
(b) If it was sold for $8.000?
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Related Book For
Schaums Outline Of Principles Of Accounting I
ISBN: 978-0070381490
5th Edition
Authors: Joel Lerner ,James Cashin
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