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(a) Sandhill Co. retires its delivery equipment, which cost $50,720. Accumulated depreciation is also $50,720 on this delivery equipment. No salvage value is received. (b)

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(a) Sandhill Co. retires its delivery equipment, which cost $50,720. Accumulated depreciation is also $50,720 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 $36,630 instead of $50,720

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