Prepare journal entries to record the transactions that follow. a. Mortell Limited disposed of two computers at

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Prepare journal entries to record the transactions that follow. 

a. Mortell Limited disposed of two computers at the end of their useful lives. The computers had cost $4,800 and their Accumulated Depreciation was $4,800. No proceeds were received. 

b. Assume the same information as in (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,600.

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Related Book For  answer-question

Fundamentals of Financial Accounting

ISBN: 978-1259269868

5th Canadian edition

Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh

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