Question
Problem #5: Disposal of PPE Teds Lumber Co. has equipment that cost $83,400 and has been depreciated $65,200. Record the disposal entries given the following
Problem #5: Disposal of PPE
Teds Lumber Co. has equipment that cost $83,400 and has been depreciated $65,200. Record the disposal entries given the following information. Assume depreciation has been recorded up to the disposal date.
1- It was scrapped as having no value.
2- It was sold for $25,800.
3- It was sold for $12,300.
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
