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Equipment that had been acquired several years ago by a special revenue fund at a cost of $ 4 0 , 0 0 0 was
Equipment that had been acquired several years ago by a special revenue fund at a cost of $ was sold for $ cash. Accumulated depreciation of $ existed at the time of the sale. The journal entry to be made in the special revenue fund will include
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A debit to Accumulated Depreciation.
A credit to Gain on Sale of Equipment.
A credit to Equipment.
A credit to Other Financing SourcesProceeds of Sale of Assets.
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