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a. Prepare the journal entries needed to record the asset disposal on June 1 , of the current year. Hint: First record the update for

image text in transcribed a. Prepare the journal entries needed to record the asset disposal on June 1 , of the current year. Hint: First record the update for depreciation expense. b. Record the journal entries if the equipment were abandoned (zero fair value) on June 1, of the current year. Hint: First record the update for depreciation expense

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