Tresler co owns equipment that cost 92500 with accumulated depreciation
Tresler Co. owns equipment that cost $92,500, with accumulated depreciation of $54,000. Tresler sells the equipment for cash. Record the sale of the equipment assuming Tresler sells the equipment for.
(1) $42,000 cash.
(2) $38,500 cash.
(3) $31,000 cash.
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