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Prepare journal entries to record the following. a. Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this
Prepare journal entries to record the following. a. Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received. b. Assume the same information as (a), except that accumulated depreciation is $37,000, instead of $41,000, on the delivery equipment. Prepare entries for disposal by retirement.
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