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A company has a piece of equipment with a general ledger balance of so,000 and an accumulated deprectaion 4. balance of 42,000. Prepare journal entries

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A company has a piece of equipment with a general ledger balance of so,000 and an accumulated deprectaion 4. balance of 42,000. Prepare journal entries for each of the following scena 1. The equipment is scrapped 2. The equipment is sold for $56,000. 3. The equipment is sold for $25,000

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