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Andy company sells this equipment for 12000 at the end of

At the beginning of the current year, Andy Company has equipment that originally cost $50,000, has $35,000 accumulated depreciation, and is being depreciated at $5,000 per year. Andy Company sells this equipment for $12,000 at the end of the current year.

Prepare journal entries to record both the current year's depreciation and the disposal of the equipment.

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Accounting Basics: Andy company sells this equipment for 12000 at the end of

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Accounting Basics: Andy company sells this equipment for 12000 at the end of

Reference No:- TGS01158006

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