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4) please answer these correctly with the working as well. highlight the final answers. thanks...

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Accounting

4)

please answer these correctly with the working as well. highlight the final answers. thanks

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Entries for Sale of Fixed Asset a. What was the book value of the equipment at December 31 the end of the fourth year? 5 Feectback TCheck My Work Book value is the initial cost of the fixed asset minus the accumulated depreciation. b. Assume that the equipment was sold on April 1 of the fifth year for $77,242

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