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E9-7. Journalize transactions related to disposals of plant assets. Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000 Instructions: Record entries

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E9-7. Journalize transactions related to disposals of plant assets. Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000 Instructions: Record entries for the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $37,000 (c) It was sold for $20,000

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