Solved: Record the sale of the equipment under the following three, Accounting Basics

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Record the sale of the equipment under the following three

Question - Garcia Co. owns equipment that cost $84,800, with accumulated depreciation of $44,800. Garcia sells the equipment for cash.

Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $53,000 cash, (2) $40,000 cash, and (3) $34,900 cash.

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Accounting Basics: Record the sale of the equipment under the following three

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Accounting Basics: Record the sale of the equipment under the following three

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