Question
In 2014, Ayayai Corp. has plant equipment that originally cost $105000 and has accumulated depreciation of $40000. A new processing technique has rendered the equipment
In 2014, Ayayai Corp. has plant equipment that originally cost $105000 and has accumulated depreciation of $40000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Ayayai use to record the retirement of the equipment?
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