Question
On September 1, Sparky Co. sold a building for $75,000. The building originally cost $250,000 and had accumulated depreciation of $180,000 as of the date
On September 1, Sparky Co. sold a building for $75,000. The building originally cost $250,000 and had accumulated depreciation of $180,000 as of the date of sale. What would the journal entry to record the sale include?
Credit to Accumulated Depreciation for $180,000
Debit to gain for $5,000
Credit to Building for $75,000
Debit to loss for $5,000
Credit to gain for $5,000
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Audit Security How To Plan Implement And Audit Netsuite Security
Authors: Zenobia Plautz
1st Edition
B0B5KQKXSY, 979-8840043851
