On January 1, Year 1, Twisted Pretzel, Inc., purchased equipment for $32,000 with an estimated useful life
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On January 1, Year 1, Twisted Pretzel, Inc., purchased equipment for $32,000 with an estimated useful life of 8 years and $0 salvage value. On January 1, Year 5, Twisted Pretzel, sold the equipment for $14,000 cash. What is the journal entry to record the sale of this equipment ?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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