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Cullumber Company has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions. (a) It was discarded with
Cullumber Company has equipment that cost $74,500 and that has been depreciated $49,500. Record the disposal under the following assumptions.
(a) | It was discarded with no cash received. | |
(b) | It was sold for $19,000. | |
(c) | It was sold for $27,000. |
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