Question

Prepare journal entries to record these transactions:
(a) Rangel Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received.
(b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,200 instead of $41,000.



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  • CreatedApril 07, 2014
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