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(a) Pharoah Company retires its delivery equipment, which cost $48,850. Accumulated depreciation is also $48,850 on this delivery equipment, No salvage value is received (b)

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(a) Pharoah Company retires its delivery equipment, which cost $48,850. Accumulated depreciation is also $48,850 on this delivery equipment, No salvage value is received (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,270 instead of $48,850

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