Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the

Question:

Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for 

(1) $47,000 cash, 

(2) $36,000 cash, and 

(3) $31,000 cash.

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Related Book For  answer-question

Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

Question Details
Chapter # 1
Section: Quick Study
Problem: 19
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Question Posted: June 05, 2023 06:45:42