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Dlossom Company has delivery equpment that cost $47,500 and has been depreciated $23,000 Record entries for the disposal under the following assumptions. (Credit account titles
Dlossom Company has delivery equpment that cost $47,500 and has been depreciated $23,000 Record entries for the disposal under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) It was scrapped as having no value. h) It was sold far $37,700 (c) It was sold for $18,100. No. Account Titles and Explanation Debit Credit 22900 Loss on Disposal of plant Assets 23700 Equipment ulated Depreciation-Equipment Cash 37700 Equipment 47 on Disposal of Plant Assels 22900 Cash 19100 Loss on Disposal of plant Assets Equipment
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