Business, 24.04.2020 23:30, jenna34032

Prepare journal entries to record these transactions.

(a) Ivanhoe Company retires its delivery equipment, which cost $52,420. Accumulated depreciation is also $52,420 on this delivery equipment. No salvage value is received.
(b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,280 instead of 52,420.

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Prepare journal entries to record these transactions.

(a) Ivanhoe Company retires its d...