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Record the disposal under the following assumptions

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Reference no: EM131143632

1. Puckett Co. has office furniture that cost $75,000 and that has been depreciated $50,000. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $21,000.

(c) It was sold for $31,000. 

Reference no: EM131143632

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