Cambria owns equipment that cost 93500 with accumulated

Reference no: EM13609304

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.

Reference no: EM13609304

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Cambria owns equipment that cost 93500 with accumulated : cambria owns equipment that cost 93500 with accumulated depreciation of 64000. cambria asks 35000 for the equipment but

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