Question
Berman Company sold equipment on July 1, 2019 for $50,000. The equipment had cost $140,000 and had $80,000 of accumulated depreciation as of January 1,
Berman Company sold equipment on July 1, 2019 for $50,000. The equipment had cost $140,000 and had $80,000 of accumulated depreciation as of January 1, 2019. Depreciation for the first 6 months of 2019 was $8,000.
Instructions Prepare the journal entry to record the sale of the equipment.
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Public Sector Audit
Authors: Carolyn J. Cordery, David C. Hay
1st Edition
0367650622, 9780367650629
