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Garcia Co. owns equipment that cost $80,400, with accumulated depreciation of $42,600. Garcia sells the equipment for cash. Record the sale of the equipment under

Garcia Co. owns equipment that cost $80,400, with accumulated depreciation of $42,600. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,700 cash, (2) $37,800 cash, and (3) $32,700 cash.

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