Ruiz Ltd. retires equipment that cost $42,000. No proceeds were received. Prepare journal entries to record the

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Ruiz Ltd. retires equipment that cost $42,000. No proceeds were received. Prepare journal entries to record the transaction if accumulated depreciation is

(a) $42,000,

(b) $40,000

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jan 11, 2017 10:17 AM

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Ruiz Ltd. retires equipment that cost $42,000. No proceeds were received. Prepare journal entries to record the

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a Accumulated Depreciation x Equipment 42000 Equipment 42000 b Accu...View the full answer

Financial Accounting Tools for Business Decision Making

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