Equipment acquired on January 5, 2009, at a historical cost of $380,000 has accumulated depreciation of $95,625
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Equipment acquired on January 5, 2009, at a historical cost of $380,000 has accumulated depreciation of $95,625 as of december 31, 2012. What is the journal entry to record the sale assuming the asset sold for $270,000 on December 31, 2012? How would the entry change if the equipment was sold for $350,000?
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the journal entries to record the sale of the equipment on December 31 2012 depending on the selling ... View the full answer
Related Book For 
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
