Equipment with a historical cost of $110,000 and Accumulated Depreciation of $110,000 is junked. Which...
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Equipment with a historical cost of $110,000 and Accumulated Depreciation of $110,000 is junked. Which journal entry is necessary? O A. debit Cash for $110,000 and credit Equipment for $110,000 OB. debit Equipment for $110,000 and credit Accumulated Depreciation - Equipment for $110,000 O C. debit Accumulated Depreciation - Equipment for $110,000 and credit Equipment for $110,000 OD. debit Equipment for $110,000 and credit Cash for $110,000
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