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Need this short journal entry ASAP, thanks N5 fx B G D E F G H Compute the gain or loss on each of the
Need this short journal entry ASAP, thanks
N5 fx B G D E F G H Compute the gain or loss on each of the following transaction and prepare the journal entry to record the disposal. (10 points) Dietz owned a delivery van with a cost of $14,000 and accumulated depreciation of $12,000. It traded this old van for a new one that cost $16,000. The dealer allowed Dietz a trade-in allowance of $3,500 on the old van, and Dietz paid the remaining $12,500 in cash. Dietz includes vans in its Vehicles account Step by Step Solution
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