Solution-Prepare the journal entry to record the sale of

Prepare the journal entry to record the sale of the shelving

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Reference no: EM13870374

As part of a major renovation at the beginning of the year, Atiase Pharmaceuticals, Inc. sold shelving units (recorded as Equipment) that were 10 years old for $ 800 cash. The shelves originally cost $ 6,400 and had been depreciated on a straight- line basis over an estimated useful life of 10 years with an estimated residual value of $ 400. Assuming that depreciation has been recorded to the date of sale, show the effect of the disposal on the accounting equation. Prepare the journal entry to record the sale of the shelving units.

Reference no: EM13870374

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Prepare the journal entry to record the sale of the shelving : The shelves originally cost $ 6,400 and had been depreciated on a straight- line basis over an estimated useful life of 10 years with an estimated residual value of $ 400. Assuming that depreciation has been recorded to the date of sale, show the eff..

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Prepare the journal entry to record the sale of the shelving

Reference no: EM13870374

Reference no: EM13870374

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