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 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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Book value of old equipment 76800 40800 36000 Cash Accumulated depreciation 1 2 3 ... View full answer

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