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P10-6B Nikhom's has equipment that cost $40,000 and that has been depreciated S26,000. Record the disposal under the following assumptions. (a) It was scrapped as

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P10-6B Nikhom's has equipment that cost $40,000 and that has been depreciated S26,000. Record the disposal under the following assumptions. (a) It was scrapped as having no value (b) It was sold for $29,000

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