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Astro Company sold equipment on July 1, 2021 for $75,000. The equipment had cost $21 300 and had 2000 accumulated depreciation of January 1 2021
Astro Company sold equipment on July 1, 2021 for $75,000. The equipment had cost $21 300 and had 2000 accumulated depreciation of January 1 2021 The equipment is being a depreciated $24,000 Required: Prepare the necessary journal entries to A Update the depreciation for the equipment. Record the sale of the equipment Note: Show your calculations
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Government Contract Accounting Made Easy The Uncomplicated Guide To Compliance Pricing And Profitability
Authors: Robert E. Jones
1st Edition
979-8988831204
