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prepare journal entries to record the following Sound Tracker Company retires its delivery equipment, which cost $50,000. Accumulated depreciation is $37,000, on the delivery equipment.

prepare journal entries to record the following

  1. Sound Tracker Company retires its delivery equipment, which cost $50,000. Accumulated depreciation is $37,000, on the delivery equipment.
  2. Sound Tracker Company retires its delivery equipment, which cost $50,000. Accumulated depreciation is also $50,000 on this delivery equipment. No salvage value is received.

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