pryce company owns equipment that cost $65,000 when purchased on

Project Description:

pryce company owns equipment that cost $65,000 when purchased on january 1, 2012. it has been depreciated using the straight-line method based on an estimated salvage value of $5,000 and an estimated useful life of 5 years.instructionsprepare pryce company's journal entries to record the sale of the equipment in these four independent situations.(a) sold for $31,000 on january 1, 2015.(b) sold for $31,000 on may 1, 2015.(c) sold for $11,000 on january 1, 2015.(d) sold for $11,000 on october 1, 2015.
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