Drake3430 Drake3430

19-06-2024
Business

Answered

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.

Answer :

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