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can i get some help with this please E9.10 (LO 3), AP Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2019.
can i get some help with this please
E9.10 (LO 3), AP Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $5,000 and an estimated useful life of 5 years. Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. a. Sold for $31,000 on January 1, 2022. b. Sold for $31,000 on May 1, 2022. c. Sold for $11,000 on January 1, 2022. d. Sold for $11,000 on October 1, 2022 Step by Step Solution
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