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Sale of Plant Asset Noble Company has a equipment that originally cost $65,000. Depreciation has been recorded for six years using the straight-line method, with
Sale of Plant Asset Noble Company has a equipment that originally cost $65,000. Depreciation has been recorded for six years using the straight-line method, with a s9,000 estimated salvage value at the end of an expected eight-year life. After recording depreciation at the end of six years, Noble sells the equipment. Prepare the journal entry to record the equipment's sale for (Round to the nearest dollar: a. $30,000 cash b. $23,000 cash L $17,000 cash General Journal Date Debit Credit a. Cash 30,000 Equipment To record sale of equipmen To record sale of equipmen L. Cash 7,000 Accunulated Depreciation Equipment To record sale of equipmen Please answer all parts of the question. Check
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