Yount Co. has equipment that cost $50,000 and that has been depreciated $22,000. Record the disposal under

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Yount Co. has equipment that cost $50,000 and that has been depreciated $22,000.
Record the disposal under the following assumptions.
(a) It was scrapped as having no value.
(b) It was sold for $25,000.
(c) It was sold for $31,000.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 04:42 AM

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Yount Co. has equipment that cost $50,000 and that has been depreciated $22,000. Record the disposal under

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Financial and managerial accounting

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