BE9.12(LO 3)(Record sale of equipment.) Goo-Yeong Limited sold equipment on September 30,2024, for $42,000 cash....
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BELO Record sale of equipment. GooYeong Limited sold equipment on September for $ cash. The equipment originally cost $ when purchased on January It had an estimated residual value of $ and a useful life of five years.
Depreciation is recorded annually and was last recorded on December the company's year end. Prepare the journal entries to a update depreciation using the straightline method to September and b record the sale of the equipment.
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