Homework: Chapter 8 Graded Homework Score: 1.24 of 3 pts %) P866B (similar to) Dominico Industries had a piece of equipment that cost S49,000 and had accumulated depreciation of $23,000 Save 3 of 3 (3 complete) HW Score: 61.37%, 3.07 of 5 pts Question Help Read the requirement. Date Accounts Debit Credit b. Cash 28,500 Accumulated depreciation 23,000 49,000 Gain on sale of equipment 2,500 c. Dominico traded the equipment in on a new piece of equipment costing $58,000. Dominico was granted Requirement Journal Entry Date Accounts Debit Credit c. Equipment (new) 58,000 1. Record the disposition of the equipment assuming the following independent situations: a. b. c. 23,000 Accumulated depreclation Equipment (old) Cash Gain on trade-in of old equipment Dominico discarded the equipment, receiving S0. Dominico sold the equipment for $28,500 cash. Dominico traded the equipment in on a new piece of equipment costing $58,000 Dominico was granted a $30,000 trade-in allowance for the old equipment and paid the difference in cash. 49,000 PrintDone Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Final Check remaining
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