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On December 30, 2017, Glaze Corp. disposed of equipment with a historical cost of $50,000 and accumulated depreciation of $30,000. The equipment was sold for

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On December 30, 2017, Glaze Corp. disposed of equipment with a historical cost of $50,000 and accumulated depreciation of $30,000. The equipment was sold for $45,000 cash. The journal entry to record the sale will include which of the following entries? (Select all that apply.) Check all that apply credit to accumulated depreciation $30,000 credit to equipment $50,000 credit to equipment $45,000 debit to accumulated depreciation $30,000 credit to gain on sale of asset $25,000 debit to cash $45,000 debit to equipment $20,000 Read about this Do you know the answer? No idea Think so Unsure I know it

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