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Equipment that cost $101000 and on which $55000 of accumulated depreciation has been recorded was disposed of for $54000 cash. The entry to record this
Equipment that cost $101000 and on which $55000 of accumulated depreciation has been recorded was disposed of for $54000 cash. The entry to record this event would include a
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| loss of $8000. |
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| credit to Accumulated Depreciation for $17000. |
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| gain of $8000. |
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| credit to the Equipment account for $17000. |
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