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If equipment, which originally cost $100,000, has accumulated depreciation of $50,000 through the date of its resale at a price of $54,000, the journal entry
If equipment, which originally cost $100,000, has accumulated depreciation of $50,000 through the date of its resale at a price of $54,000, the journal entry to record this resale would include which of the following? CREDIT to EQUI PMENT for $50,000 CREDIT to ACCUMULATED DEPRECIATION for $50,000 Two of the answers are correct. O CREDIT to GAIN ON SALE for $4,000 None of the answers are correct
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