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If Coronado Industries uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets that originally
If Coronado Industries uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets that originally cost $130000 and have been used for 10 years are sold for $36000? Cash 36000 Plant Assets 36000 Cash 36000 94000 Loss on Sale of Plant Assets Plant Assets 130000 Cash 36000 97500 Accumulated Depreciation - Plant Assets Plant Assets Gain on Sale of Plant Assets 130000 3500 Cash 36000 94000 Accumulated Depreciation - Plant Assets Plant Assets 130000
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