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a. 19. Equipment costing GHC40,000 with a book value of GHC18,000 is sold for GHC20,000. Which journal entry is used to record the sale? debit

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a. 19. Equipment costing GHC40,000 with a book value of GHC18,000 is sold for GHC20,000. Which journal entry is used to record the sale? debit Cash for GHC20,000 and credit Equipment for GHC20,000. b. debit Cash for GHC18,000, debit Accumulated Depreciation for GHC22,000 and credit Equipment for GHC40,000 e. debit Cash for GHC20,000, debit Accumulated Depreciation for GHC22,000, credit Equipment for GHC40,000 and credit Gain on Sale of Equipment for GHC2,000 d. debit Cash for GHC18,000, debit Loss on Sale of Equipment for GHC2,000 and credit Equipment for GHC20,000

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