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On July 1, 2014. Dillman Kennels sells equipment for $44.000. The equipment originally cost $120,000, had an estimated 5-year life and an expected salvage value
On July 1, 2014. Dillman Kennels sells equipment for $44.000. The equipment originally cost $120,000, had an estimated 5-year life and an expected salvage value of $20,000. The Accumulated Depreciation account had a balance of $70,000 on January 1, 2014, using the straight-line method The gain or loss on disposal is: $6,000 gain $4,000 loss. $6,000 loss. $4,000 gain
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Government And Not For Profit Accounting Concepts And Practices
Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese
9th Edition
1119803896, 978-1119803898
