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A company donates land that has a book value of $90,000 to a local charity to build an animal shelter for golden retrievers. The land
A company donates land that has a book value of $90,000 to a local charity to build an animal shelter for golden retrievers. The land is appraised at $100,000. Select all elements of the journal entry to record this transaction. Credit Contribution Revenue $100,000 Debit Contribution Expense $100,000 Credit Land $90,000 Debit Contribution Expense $90,000 Credit Gain $10,000 Question 11 2 pts Golden Company sold an asset with a cost of $400,504 and accumulated depreciation of $215,686 for $286,320. What is the amount of gain or loss? If it is a gain, input your number as a positive number. If it is a loss, use a negative sign. Do not use dollar signs or decimals
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