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1. Equipment acquired at a cost of $252,000 has a book value of $52,000. Journalize the disposal of the equipment under the following independent assumptions.
1. Equipment acquired at a cost of $252,000 has a book value of $52,000. Journalize the disposal of the equipment under the following independent assumptions.
a) The equipment had no market value and was discarded.
b) The equipment is sold for $60,000.
c) The equipment is sold for $24,000.
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