Garcia Company owns equipment that cost $84,000, with accumulated depreciation of $44,400. Record the sale of...
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Garcia Company owns equipment that cost $84,000, with accumulated depreciation of $44,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,400 cash, (2) $39,600 cash, and (3) $34,500 cash. View transaction list A Record the sale of equipment assuming Garcia sells the equipment for $52,400 cash. > $52,400 B Record the sale of equipment assuming Garcia sells the equipment for $39,600 cash. C Record the sale of equipment assuming Garcia sells the equipment for $34,500 cash. Credit Garcia Company owns equipment that cost $84,000, with accumulated depreciation of $44,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,400 cash, (2) $39,600 cash, and (3) $34,500 cash. View transaction list A Record the sale of equipment assuming Garcia sells the equipment for $52,400 cash. > $52,400 B Record the sale of equipment assuming Garcia sells the equipment for $39,600 cash. C Record the sale of equipment assuming Garcia sells the equipment for $34,500 cash. Credit
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Book value of the equipment at the time of sale 84000 ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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