Question
On June 30, 2012, the company sold old office equipment for $24,000. The office equipment originally cost $36,000 and had accumulated depreciation to the date
On June 30, 2012, the company sold old office equipment for $24,000. The office equipment originally cost $36,000 and had accumulated depreciation to the date of disposal of $15,000.
Show the journal entries required at the time of disposal.
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
