M9-9 Recording the Disposal of a Long-Lived Asset [LO 9-5] [The following information applies to the questions displayed below.] The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,420 and their Accumulated Depreciation was $4,420. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $2,840.

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