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The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful IIves. The computers had
The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful IIves. The computers had cost $4,760 and their Accumulated Depreciation was $4,760. No residual value was recelved. b. Assume the same Information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,520. Required: Prepare journal entrles to record above transactions. (If no entry Is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) \begin{tabular}{l} Record the disposal of computers that had cost $4,760 \\ and their accumulated depreciation to the date of \\ disposal was $4,760. \\ B Record the disposal of computers that had cost $4,760 \\ and their accumulated depreciation to the date of \\ disposal was $3,520. \\ \hline \end{tabular}
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