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Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The
Use the information below to answer the questions that follow. Enter your answers using digits only no dollar signs, commas, or decimal points. The business's yearend is December Cost of equipment ; Useful life in years ; Date purchased March ; Date of disposal January ; Cash received on disposal What is the accumulated depreciation on the date of the disposal? What is the book value of the equipment on the date of the disposal? What is the amount of the gain or loss on the disposal? If a loss, start your answer with a sign.
Use the information below to answer the questions that follow. Enter your answers using
digits only no dollar signs, commas, or decimal points. The business's yearend is
December Cost of equipment ; Useful life in years ; Date purchased
March ; Date of disposal January ; Cash received on disposal
What is the accumulated depreciation on the date of the disposal?
What is the
book value of the equipment on the date of the disposal?
What is the amount of
the gain or loss on the disposal? If a loss, start your answer with a sign.
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