The journal entry to record the disposal


Cambria owns equipment that cost $93,500 with accumulated depreciation of $64,000. Cambria asks $35,000 for the equipment but sells the equipment for $33,000. Compute the amount of gain or loss on the sale. The journal entry to record the disposal of the asset would involve all of the except.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: The journal entry to record the disposal
Reference No:- TGS0716811

Expected delivery within 24 Hours