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Kobel Co. has delivery equipment that cost $50,000 and has been depreciated $20,000. Record entries for the disposal under the following assumptions It was scrapped

Kobel Co. has delivery equipment that cost $50,000 and has been depreciated $20,000. Record entries for the disposal under the following assumptions It was scrapped as having no value. It was sold for $37,000. It was sold for $18,000

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