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Suppor Sale of Plant Asset Noble Company has a equipment that originally cost $63,000. Depreciation has been recorded for six years using the straight-line method,
Suppor Sale of Plant Asset Noble Company has a equipment that originally cost $63,000. Depreciation has been recorded for six years using the straight-line method, with a $7,000 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. $27.000 cash b. 521.000 cash C. $18,000 cash wc oft General Journal Description Date a. Cash Debit Credit g.edu 0 0 e 0 0 Equipment gn in 0 0 0 0 To record sale of equipment Cash b. 0 0 0 0 0 yet? Lea 0 To record sale of equipment. Cash . 0 0 p for free 0 Accumulated Depreciation - Equipment 0 0 0 0 To record sale of equipment Please answer all parts of the
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