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13. Al Sdn. Bhd. owns equipment that cost RM93,500 with accumulated depreciation They asks RM35,000 for the equipment but sells the equipment for RM33,000. Compute
13. Al Sdn. Bhd. owns equipment that cost RM93,500 with accumulated depreciation They asks RM35,000 for the equipment but sells the equipment for RM33,000. Compute the amount of gain or loss on the sale. The journal entry to record the disposa the asset would involve all of the following except: a. Credit Gain on Disposal of Equipment RM3,500. b. Credit Equipment RM93,500. C. Debit Loss on Disposal of Equipment RM3,500. d. Debit Accumulated Depreciation RM64,000
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