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2 Carla Vista Company sold equipment for $11,000. The equipment originally cost $25,000 in 2019 and $6,000 was $pent on a major overhaul in 2022
2 Carla Vista Company sold equipment for $11,000. The equipment originally cost $25,000 in 2019 and $6,000 was $pent on a major overhaul in 2022 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $24,000 Prepare the appropriate journal entry to record the disposition of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) Sandhill Company sold equipment that had a book value of $13,500 for $15,000. The equipment originally cost $45,000 and it is estimated that it would cost $57,000 to replace the cquipment. Prepare the appropriate journal entry to record the disposition of the equipment. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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