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Gomez company retires its delivery equipment

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Reference no: EM131140314

Prepare journal entries to record the following.

(a) Gomez 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 (a), except that accumulated depreciation is $39,000, instead of $41,000, on the delivery equipment.

Reference no: EM131140314

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