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Dickeys has equipment that cost $45,000 and that has been depreciated $26,000. Instructions Record the disposal under the following assumptions. (a) It was scrapped as

Dickeys has equipment that cost $45,000 and that has been depreciated $26,000.

Instructions

Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $29,000.

(c) It was sold for $10,000.

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