The journal entry to record a business asset that was sold in QuickBooks 1. Land 1 million
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Question:
The journal entry to record a business asset that was sold in QuickBooks
1. Land 1 million dollars
2. Building 200,000.00
3. Accumulated Depreciation 42,000
4. Selling Expenses 92,000
5. Gain on sale is 377,748
Selling price 1,600,000.00
I need to remove the asset from the balance sheet.
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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