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Ivanhoe Company purchased momentin 2020 for $62.400 and estimated an $4800 salvage value at the end of the gent's 10 years At December 31, 2021,

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Ivanhoe Company purchased momentin 2020 for $62.400 and estimated an $4800 salvage value at the end of the gent's 10 years At December 31, 2021, there was $40,320 in the Accumulated Depreciation account for this equipment using the straight line method of depreciation On March 31, 2022, the equipment was sold for $12.00 Prepare the appropriate journal entries to remove the equipment from the books of Ivanhoe Company on March 31, 2022. Gedimild when the Domaine menys sadeco Entry for them and for the mounts) No. Account Titles and Explanation Debit Credit 1 (To record depreciation expense for the first 3 months of 2022) 2 To record sale of equipment O Oriele Company old goment for $6.00 Thement originally cost $15.000 in 2014 and won over 2002 hard to the perc) Accumulated Depreciation on the west to the disposal was $12.000 Prepare the appropriate journal entry to record the disposition of the gament. Countles are automatically in the amount Donetindent my interest "Mentry for the end enter for them) Account Tities and Explanation Debit Credit Part 3 Pharoah Company opent that had a book value of $38.100 for $9.000. The mentorighellycost $27,000 and it is estimated that it would co.200 to replace the rent Prepare the appropriate Journal entry to record the position of the equipment account is really indent when the months to Do not inden mod normal to try the for the Account Tities and Explanation Debit Credit Save for Attempts: 0 of 2 used

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