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Sheridan Company has delivery equipment that cost $6,800 and has been depreciated $24,300. Prepare a tabular summary to record the disposal under the following assumptions.

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Sheridan Company has delivery equipment that cost $6,800 and has been depreciated $24,300. Prepare a tabular summary to record the disposal under the following assumptions. (a) It was scrapped as having no value. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses ond losses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. - Decreases in Aceumulated Depreciation are entered as postive amounts. It was scrapped as having no value. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses and losses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. - Decreases in Accumulated Depreciation are entered as postive amounts

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