Problem 10-06A

Problem 10-06A Sheffield Co. has equipment that cost $79,000 and that has been depreciated $49,700. Record the disposal under the following assumptions. (a) (b) (c) It was scrapped as having no value. It was sold for $23,500. It was sold for $35,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (a) (b)