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A company owns equipment that cost $126,200 and has accumulated depreciation of $94,800 as of January 1. Prepare the entry to record the disposal of
A company owns equipment that cost $126,200 and has accumulated depreciation of $94,800 as of January 1. Prepare the entry to record the disposal of this equipment on January 1 for each separate situation. a. Equipment is sold for $31,900 cash. b. Equipment is sold for $26,100cash
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
