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Exercise 9-10 Exercise 9-10 Pryce Company owns equipment that cost $67,300 when purchased on January 1, 2014. I has been depreciated using the of 5
Exercise 9-10
"Exercise 9-10 Pryce Company owns equipment that cost $67,300 when purchased on January 1, 2014. I has been depreciated using the of 5 years straight-line method besed on an estimated salvage value of $4,400 and an estimated useful life Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent stuations Round answers to O decimal places, a-g.125. Ir no entry is required, select "No Entry for the account titles and enter o for the amounts) (a) Sold for $32,740 on January 1, 2017. (b) Sold for $32,740 on May 1, 2017, (c) Sold for $10,400 on January 1, 2017. (d) Sold for $10,400 on October 1, 2017 (Credit account tities are automatically Indented when amount is entered. Do not indent manually No. Account Titles and Explanation Credit To reoord depreciation) (To record sale of equipment) Step by Step Solution
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