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Please explain how to solve? ACC205: Principles of Accounting (BAG20238) Shantaya Hugler & | 07/06/20 2:57 AM Homework: Week Five Exercises Save Score: 0 of
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ACC205: Principles of Accounting (BAG20238) Shantaya Hugler & | 07/06/20 2:57 AM Homework: Week Five Exercises Save Score: 0 of 1 pt 6 of 10 (5 complete) HW Score: 42 94%, 4.29 of 10 pts S10-9 (similar to) E Question Help Brown's Salvage Company purchased equipment on January 1, 2018, for $19,602. Suppose Brown's Salvage Company sold the equipment for S14,000 on December 31, 2019. Accumulated Depreciation as of December 31, 2019, was 57,128. Journalize the sale of the equipment, assuming straight-line depreciation was used First, calculate any gain or loss on the disposal of the equipment 14.000 Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation 19,602 7,128 nd Enter any number in the edit fields and then click Check Answer Check Answer Clear All 1 part remaining Next Step by Step Solution
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