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Answer fully, provide formulas if used. Thanks Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal

Answer fully, provide formulas if used. Thanks image text in transcribed

Thieu Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $37,000. (c) It was sold for $20,000

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