Solved: A replacement was made to the hvac of a building the mno, Accounting Basics

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A replacement was made to the hvac of a building the mno

1. A replacement was made to the HVAC of a building the MNO owns. The HVAC consisted of 10 units on the roof. The replacement was made for only 8 units. The original cost of the HVAC was $35,000.00 and has been fully depreciated. The invoice from the contractor was for $60,000.00.

Question 1: What is the entry to record the activity?

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Accounting Basics: A replacement was made to the hvac of a building the mno

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Accounting Basics: A replacement was made to the hvac of a building the mno

Reference No:- TGS01147595

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