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Make the appropriate journal entry to record the disposition

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Reference no: EM132935202

Campbellford Wholesalers sold office equipment that had a net book value of $6,700 for $7,000. The office equipment originally cost $15,000 and it is estimated that it would cost $19,000 to replace the office equipment.

Problem 1: Prepare the appropriate journal entry to record the disposition of the office equipment.

Reference no: EM132935202

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