Question
(b) Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 20x1 and $6,000 was spent on a major overhaul in 20x4
(b) Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 20x1 and $6,000 was spent on a major overhaul in 20x4 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $20,000. of $13.500 for $15,000. The
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
