Influence of equipment sales on td industries

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Reference no: EM1357820

TD Industries has a piece of equipment that has a cost of $400,000. The equipment has accumulated depreciation of $305,000.

If the equipment is sold for $95,000, TD will:

- credit a loss for $5,000.

- credit equipment for $400,000.

- debit a gain for $5,000.

- credit cash for $95,000.

Reference no: EM1357820

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