Solution-Prepare a journal entry to record disposal of the

Prepare a journal entry to record disposal of the equipment

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Reference no: EM131808073

Question - On April 1, 2010, a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1, 2006. The equipment had a salvage value of $5,000, and a useful life 10 years. The double-declining- balance depreciation method was used. On December 31, 2009, accumulated depreciation was $20,664. Prepare a journal entry to record depreciation for 2010 up to the date of disposal of the equipment, and prepare a journal entry to record the disposal of the equipment.

Reference no: EM131808073

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Prepare a journal entry to record disposal of the equipment

Reference no: EM131808073

Reference no: EM131808073

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