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Macho Taco sold a food truck on March 1, 2020. The accounts showed adjusted balances on February 28, 2020, as follows: Food Truck Accumulated Depreciation,
Macho Taco sold a food truck on March 1, 2020. The accounts showed adjusted balances on February 28, 2020, as follows: Food Truck Accumulated Depreciation, Food Truck $ 60,000 36,25e Required: Record the sale of the food truck assuming the cash proceeds were: a. 23.750 b. 30,600 c. 21,000 d. $0 (the food truck was scrapped). On January 2, 2020, Direct Shoes Inc, disposed of a machine that cost $87,000 and had been depreciated $47,050. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $35,500 cash
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