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Delta River Company sold manufacturing equipment with a cost of $44,000 and accumulated depreciation of $32,000 for $9,000. The journal entry to record this transaction
Delta River Company sold manufacturing equipment with a cost of $44,000 and accumulated depreciation of $32,000 for $9,000. The journal entry to record this transaction will include: a credit to Accumulated Depreciation Equipment for $32,000. a debit to a loss account for $3,000. a credit to a gain account for $8,000. a credit to the Equipment account for $12,000.
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