Question
4- HP Company has equipment that was purchased for (historical cost) $52,000 and the salvage value is $10,000 and the accumulated depreciation today is $32,000
4- HP Company has equipment that was purchased for (historical cost) $52,000 and the salvage value is $10,000 and the accumulated depreciation today is $32,000
Prepare journal entries to record the following cases.
a- HP sells equipment for $18,000 cash.
b- HP sells equipment for $31,000 on credit.
c- HP retires its equipment) It was dumped in the garbage (
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The Internet Supply Chain Impact On Accounting And Logistics
Authors: D. Chorafas
5th Edition
0333949633, 9780333949634
