Garcia Co. owns equipment that cost $83,600, with accumulated depreciation of $44,200. Garcia sells the...
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Garcia Co. owns equipment that cost $83,600, with accumulated depreciation of $44,200. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash.
1 Record the sale of equipment assuming Garcia sells the equipment for $52,100 cash.
2 Record the sale of equipment assuming Garcia sells the equipment for $39,400 cash.
3 Record the sale of equipment assuming Garcia sells the equipment for $34,300 cash.
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