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Equipment that cost $96000 and on which $73000 of accumulated depreciation has been recorded was disposed of for $31500 cash. The entry to record this
Equipment that cost $96000 and on which $73000 of accumulated depreciation has been recorded was disposed of for $31500 cash. The entry to record this event would indude a credit to Accumulated Depreciation for $58500. C credit to the Equipment account for $58500. gain of $8500. loss of $8500. C Display Set 7 G n0
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