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answer pls Question 17 (1 point) An equipment costing $ 12,000 and Accumulate Depreciation of $ 10,000 is sold for $ 1,000. The journal entry

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Question 17 (1 point) An equipment costing $ 12,000 and Accumulate Depreciation of $ 10,000 is sold for $ 1,000. The journal entry to record this sale is a Debit Cash $ 1,000, Debit Accumulated Depreciation $ 10,000 and Credit Profit on Disposal of Equipment $ 1,000, Credit Equipment $ 10,000 b Debit Cash $ 1,000 and Credit Profit on Disposal of Equipment $ 1,000 C Debit Cash $ 1,000, Debit Accumulated Depreciation $ 10,000, Debit Loss on Disposal of Equipment $ 1,000, Credit Equipment $ 12,000 d Debit Cash $ 1,000, Debit Loss on Disposal of Equipment $ 1,000, Credit Equipment $ 2,000 Question 18 (1 point) If the book value of a PPE is greater than the Net Realisable Value or Value-in-use, it is called a Impairment b Profit C Amortization d Depreciation

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