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Question Five: (LOs 1.4, 2.5, 3.5) Zakaria Market owns an equipment with a cost of 125,000 EGP that has an accumulated depreciation 91,000 EGP. Prepare

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Question Five: (LOs 1.4, 2.5, 3.5) Zakaria Market owns an equipment with a cost of 125,000 EGP that has an accumulated depreciation 91,000 EGP. Prepare the necessary joumal entry to record the disposal of the equipment on January 1, 2017 under each of the following independent situations: 1. Zakaria sold the equipment for 17,500 EGP cash (ILOS 14,25,35) 2. Zakaria sold the equipment for 40,000 EGP cash. (ILOS; 1.4, 25, 35) 2

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