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Steps for 4 5 . A corporation sold equipment with an original cost of 2 0 0 . The accumulated depreciation at the time of

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5. A corporation sold equipment with an original cost of 200. The accumulated depreciation at the time of sale on the equipment was 130. You do not need to show any work for this problem.
a. Prepare the appropriate journal entry for selling this equipment for 100.
b. Prepare the journal entry for selling this equipment for 65.
6. On 11?2024, a corporation purchased a Patent for 50 and assumed a 10-year useful life for amortization purposes. On 11?2029, the company sold the Patent for 35. Prepare the entry for the sale. You do not need to show any work.
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