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Q2 Faun Co. has equipment that cost $75,000 and that has been depreciated $50,000. Record the disposal under the following assumptions. (a) It was scrapped

Q2 Faun Co. has equipment that cost $75,000 and that has been depreciated $50,000. Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $21,000. (c) It was sold for $31,000

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