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on March 31, 2018, wonderful landscapes discarded equipment that had a cost of $28,900. Accumulated depreciation as of December 31, 2017, was 28,000. Assume annual
on March 31, 2018, wonderful landscapes discarded equipment that had a cost of $28,900. Accumulated depreciation as of December 31, 2017, was 28,000. Assume annual depreciation on the equipment is $900. Journalize the partial year depreciation expense and disposal of the equipment
Journalize the partial-year depreciation expense. Date Accounts and Explanation Debit Credit Mar 31 Question Viewer Calculate any gain or loss on the disposal of the equipment (Enter a "O" for items with a zero value. Enter a loss with a minus sign or parentheses.) Market value of assets received Less Book value of asset disposed of Cost Less. Accumulated Depreciation Gain or (Loss) Journalize the disposal of the equipment. Date Accounts and Explanation Debit Credit Mar. 31 Step by Step Solution
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