Furniture costing $68,200 is sold at its book value in 2021 . Acquisitions of furniture...
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Accounting
Furniture costing $68,200 is sold at its book value in 2021 . Acquisitions of furniture total $53,700 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash recelved from the sale of furniture. Furniture costing $68,200 is sold at its book value in 2021 . Acquisitions of furniture total $53,700 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash recelved from the salo of furniture
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