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Question 2 (8 points) Saved Argus Corporation has decided to dispose of an asset group consisting of a building, land and equipment. The following information
Question 2 (8 points) Saved Argus Corporation has decided to dispose of an asset group consisting of a building, land and equipment. The following information is available: a. Disposal decision made on February 15, 2019 b. Relevant financial information: Accumulated Estimated Asset Cost Depreciation Recoverable Amount Land $450,000 $325,000 Equipment 227,000 112 000 80,000 Building 915.000 525.000 280,000 $1.592.000 $637 000 $685.000 Required: Prepare the journal entries for the corporation on February 15, 2019. (8 marks) A general ledger template for your answer is provided
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