Equipment that cost $ 92000 and on which $ 49000 of accumulated depreciation has been recorded was

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Equipment that cost $92000 and on which $49000 of accumulated depreciation has been recorded was disposed of for $52500 cash. The entry to record this event would include a

loss of $9500.

gain of $9500.

credit to Accumulated Depreciation for $15500.

credit to the Equipment account for $15500.

Related Book For answer-question

Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Posted Date: Mar 27, 2022 04:58 PM

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Equipment that cost $ 92000 and on which $ 49000 of accumulated depreciation has been recorded was

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Journal Entry for Disposal of Equipment is as follows DATE PARTICULARS DEBIT ... View the full answer

Survey of Accounting

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