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Prepare the journal entry to record the sale

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Reference no: EM132459074

Question - Disposal Ellis Industries sells a building that has an original cost of $200,000 and an accumulated depreciation balance of $100,000.

Required -

a. Prepare the journal entry to record the sale assuming the sales price was $100,000.

b. Prepare the journal entry to record the sale assuming the sales price was $95,000.

c. Prepare the journal entry to record the sale assuming the sales price was $108,000.

Reference no: EM132459074

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