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Assume the same information as a except that accumulated

Prepare journal entries to record the following.

(a) Gomez Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received.

(b) Assume the same information as (a), except that accumulated depreciation is $39,000, instead of $41,000, on the delivery equipment.

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Accounting Basics: Assume the same information as a except that accumulated

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Accounting Basics: Assume the same information as a except that accumulated

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