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Which the journal entry to record the disposal would include

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Reference no: EM132885033

Problem 1: Equipment with a cost of $30 000 and accumulated depreciation of $25,000 was sold for $3 400. The journal entry to record the disposal would include:

Select one:

a. CR Cash, $3 400
b. CR Accumulated depreciation, $25 000
c. DR Gain on sale, $1 600
d. DR Loss on sale, $1 600

Reference no: EM132885033

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