Garcia Co. owns equipment that cost $84,400, with accumulated depreciation of $44,600. Garcia sells the equipment for cash.
Required:
Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for:
a. $52,700 cash
b. $39,800 cash
c. $34,700 cash.
Answers: 3
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Garcia Co. owns equipment that cost $84,400, with accumulated depreciation of $44,600. Garcia sells...
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