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answer for this? The Weekend compairy owns specialized equipment with an original cost of $235,000. The company has fully depreciated the asset over the past
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The Weekend compairy owns specialized equipment with an original cost of $235,000. The company has fully depreciated the asset over the past five years and has now made the decision to retire the asset. Which journal entry would be required to record the retirement of this equipment? Debit Equipment and credit Accumulated Depreciation-Equipment for $235,000 Debit Depreciation Expense and credit Accumulated Depreciation-Equipment for $235,000 Debit Accumulated Depreciation-Equipment and credit Depreciation Expense for 5235.000 Debit Accumulated Depreciation-Equipment and credit Equipment for 5235,000 Step by Step Solution
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