Equipment that cost-disposal under the assumptions

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Reference no: EM13789262

Vermeer's has equipment that cost $40,000 and that has been depreciated $29,000.

Record the disposal under the following assumptions.

A) It was scrapped as having no value.

B) It was sold for $24,000.

C) It was sold for $10,000.

Reference no: EM13789262

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