Entries for the disposal under the assumptions


Kobel Co. has delivery equipment that cost $50,000 and has been depreciated $20,000.

Record entries for the disposal under the following assumptions:

It was scrapped as having no value.

It was sold for $37,000.

It was sold for $18,000.

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Accounting Basics: Entries for the disposal under the assumptions
Reference No:- TGS073435

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