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3. A sewing machine acquired at a cost of $63,000 has a book value of $21,000. REQUIRED: Journalize the disposal of the sewing machine under
3.
A sewing machine acquired at a cost of $63,000 has a book value of $21,000.
REQUIRED: Journalize the disposal of the sewing machine under the following independent assumptions.
| (a) | The equipment had no market value and was discarded. |
| (b) | The equipment is sold for $27,000. |
| (c) | The equipment is sold for $12,000. |
PLEASE SHOW ALL WORK
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