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Exercise 9-7 Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal under the following assumptions (a)

Exercise 9-7

Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Record entries for the disposal under the following assumptions

(a) It was scrapped as having no value. (b) It was sold for $37,000. (c) It was sold for $20,000 No. Account Titles and Explanation Debit Credit

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