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Record the sale of the shelving units

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Problem - As part of a major renovation at the beginning of the year, Bonham's Bakery sold shelving units (store fixtures) that were 17 years old for $2,400 cash. The original cost of the shelves was $7,100 and they had been depreciated on a straight-line basis over an estimated useful life of 19 years with an estimated residual value of $1,400. Record the sale of the shelving units.

Reference no: EM132737561

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