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Prepare tabular summaries to record these transactions. (a) Sandhill Co. retires its delivery equipment, which cost $49,500. Accumulated depreciation is also $49,500 on this delivery
Prepare tabular summaries to record these transactions.
(a) Sandhill Co. retires its delivery equipment, which cost $49,500. Accumulated depreciation is also $49,500 on this delivery equipment. No salvage value is received.
(b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $36,510 instead of $49,500.
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