Construct journal entries to record the transactions

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Reference no: EM131829035

Question: Prepare journal entries to record these transactions.

(a) Echo Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 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 $37,200 instead of $41,000.

Reference no: EM131829035

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