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Selby company sold equipment that had a book value of 13500

Question - Selby Company sold equipment that had a book value of $13,500 for $15,000. The equipment originally cost $45,000 and it is estimated that it would cost $57,000 to replace the equipment.

Prepare the appropriate journal entry to record the disposition of the equipment.

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Accounting Basics: Selby company sold equipment that had a book value of 13500

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Accounting Basics: Selby company sold equipment that had a book value of 13500

Reference No:- TGS02385918

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