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Prepare cullumber company journal entries to record the sale

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Question - Togress Cullumber Company owns equipment that cost $68,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $8,000 and an estimated useful life of 5 years. Prepare Cullumber Company's journal entries to record the sale of the equipment in these four independent situations.

Reference no: EM133168392

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