Bionam Company has delven equipment that cost $$47,500$ and has been depreciated $$23,000.$

Prepare a tabular summary to recond the dispos at unser the following ausumptions.

$($a$)$

Vour Anrwer

Correct Answer

Vour aftwer it correct.

It wat scrapped as having no value.

Dervan in Aesmuited Depreciotion are enterd as postive amounts

Stockholders' Equity

Revenue Retalned Earnings

Solution

Attempts: $3$ of $3$ used

$($b$)$

it was sold for $$37,700$