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Question 7 of 33 - 71 View Policies Current Attempt in Progress In 2014, Flint Corporation has plant equipment that originally cost $190000 and has
Question 7 of 33 - 71 View Policies Current Attempt in Progress In 2014, Flint Corporation has plant equipment that originally cost $190000 and has accumulated depreciation of $52000. A new processing technique has rendered the equipment obsolete, so it is retired. Which of the following entries should Flint use to record the retirement of the equipment? Loss on Disposal of Plant Assets 138000 Equipment 138000 O Plant Equipment 190000 Accumulated Depreciation - Equipment 52000 Loss on Disposal of Plant Assets 138000 Loss on Disposal of Plant Assets 138000 Accumulated Depreciation - Equipment 138000 Accumulated Depreciation - Equipment 52000 Loss on Disposal of Plant Assets 138000 Equipment 190000
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