Disposal of delivery equipment-perez company

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Reference no: EM1356383

a) Perez Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received.

b) Assume the same information as (a), except that accumulated depreciation for Perez Company is $37,000, instead of $41,000.

Reference no: EM1356383

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