Beka company owns equipment that cost 50000 when purchased, Finance Basics

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Beka company owns equipment that cost 50000 when purchased

Beka Company owns equipment that cost $50,000 when purchased on January 1, 2008. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years.

Journalize entries for disposal of equipment.

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Finance Basics: Beka company owns equipment that cost 50000 when purchased

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Finance Basics: Beka company owns equipment that cost 50000 when purchased

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