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Required information M 9 - 1 0 ( Algo ) Reporting and Recording the Disposal of a Long - Lived Asset ( Straight - Line
Required information MAlgo Reporting and Recording the Disposal of a LongLived Asset StraightLine DepreciationLO Skip to question The following information applies to the questions displayed below. As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Incorporated, sold shelving units recorded as Equipment that were years old for $ cash. The shelves originally cost $ and had been depreciated on a straightline basis over an estimated useful life of years with an estimated residual value of $ MAlgo Part Required: Complete the accounting equation below, indicating the account, amount, and the effect of disposal. Assume that depreciation has been recorded to the date of sale. Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.
Required information
MAlgo Reporting and Recording the Disposal of a LongLived Asset StraightLine DepreciationLO
Skip to question
The following information applies to the questions displayed below.
As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Incorporated, sold shelving units recorded as Equipment that were years old for $ cash. The shelves originally cost $ and had been depreciated on a straightline basis over an estimated useful life of years with an estimated residual value of $
MAlgo Part
Required:
Complete the accounting equation below, indicating the account, amount, and the effect of disposal. Assume that depreciation has been recorded to the date of sale. Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign. Do not round intermediate calculations.
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