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Exercise 10-10 Pryce Company owns equipment that cost $74,800 when purchased on January 1, 2017. It has been depreciated using the straight line method based

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Exercise 10-10 Pryce Company owns equipment that cost $74,800 when purchased on January 1, 2017. It has been depreciated using the straight line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, e.9.125. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) Sold for $36,880 on January 1, 2020 (b) Sold for $36,880 on May 1, 2020 (c) Sold for $11,000 on January 1, 2020 (d) Sold for $11,000 on October 1, 2020 No, Account Titles and Explanation Debit Credit (a) (b) To record sale of equipment) (c) (d) (To record depreciation) (d) (To record depreciation) (To record sale of equipment)

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