Question: Please help me! Able, Baker, and Cloe are three different companies. Able purchased equipment for $100,000 several years ago, and has recorded $40,000 of depreciation

Please help me!

Please help me! Able, Baker, and Cloe are three different companies. Able

Able, Baker, and Cloe are three different companies. Able purchased equipment for $100,000 several years ago, and has recorded $40,000 of depreciation since that time. Able sold the equipment to Baker for $90,000 on 1/1/17. Equipment has a remaining useful life of 10 years. What are the journal entries for the two companies in year 2017 and the years afterwards? Able's books Baker's books 2017 Font 2018 2019

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