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need help !! (b) Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 20x1 and $6,000 was spent on a major overhaul
need help !!
(b) Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 20x1 and $6,000 was spent on a major overhaul in 20x4 (charged to the Equipment account), Accumulated Depreciation on the equipment to the date of disposal was $20,000, of 13 500 for $15,000. The Step by Step Solution
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