Disposal of fixed asset Equipment acquired on January 6 at a cost of $318,800...
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Accounting
Disposal of fixed asset
Equipment acquired on January at a cost of $ has an estimated useful life of years and an estimated residual value of $
a What was the annual amount of depreciation for Years using the straightline method of depreciation?
b What was the book value of the equipment on January of Year
c Assuming that the equipment was sold on January of Year for $ journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.
January
January
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