Question
X Co. sold a Building which cost $400,000 for $450,000. The accumulated depreciation taken on the building at the time of disposal was $300,000. Complete
X Co. sold a Building which cost $400,000 for $450,000. The accumulated depreciation taken on the building at the time of disposal was $300,000. Complete the journal entry to record the gain or loss on the sale.
| Account Name | Debit Amount | Credit Amount |
| Blank 1 | Blank 2 | |
| Blank 3 | Blank 4 | |
| Blank 5 | Blank 6 | |
| Blank 7 | Blank 8 |
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The Operational Auditing Handbook Auditing Business Processes
Authors: Andrew Chambers, Graham Rand
1st Edition
0471970603, 978-0471970606
