Question
Lean Company sold equipment for cash. The equipment cost $66,200, had accumulated depreciation of $43,000 and a book value of $23,200. SHOW ALL COMPUTATIONS. Prepare
Lean Company sold equipment for cash. The equipment cost $66,200, had accumulated depreciation of $43,000 and a book value of $23,200.
SHOW ALL COMPUTATIONS.
Prepare the journal entry to record the sale assuming that the equipment was sold for:
- $24,000
- $20,000
- $23,200
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Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy
Authors: Jacques Richard, Alexandre Rambaud
1st Edition
1032046589, 9781032046587
