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Record the journal entry necessary for disposal

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Reference no: EM132497014

Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000.

Question 1: Record the journal entry necessary for disposal under the following assumptions.

a) It was scrapped as having no value.

b) It was sold for $21,000.

c) It was sold for $31,000.

Reference no: EM132497014

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