Question: Current Attempt in Progress Presented below is information related to equipment owned by Novak Company at December 31,2025. Novak intends to dispose of the equipment

Current Attempt in Progress Presented below is information related to equipment owned by Novak Company at December 31,2025. Novak intends to dispose of the equipment in the coming ycar. It is expected that the cost of disposal will be $25,000. As of December 31,2025 , the equipment has a reatining useful life of 4 years. entry for the account tites and enter 0 for the amounts. Credit account titles are autametically indented when amount is entered. Do not indent manually. (Lit debit entry before credit entry)

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