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Crane Company sold equipment that had a book value of $22,950 for $25,500. The equipment originally cost $76,500 and it is estimated that it would

Crane Company sold equipment that had a book value of $22,950 for $25,500. The equipment originally cost $76,500 and it is estimated that it would cost $96,900 to replace the equipment. Prepare the appropriate journal entry to record the disposition of the equipment

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