On March 31,209, Adler Company sold equipment that had a book value of $23,500 for...
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On March 31,209, Adler Company sold equipment that had a book value of $23,500 for $25,000. The equipment originally cost $55,000 and it is estimated that it would cost $67,000 to replace the equipment. Instructions: 1. Prepare the appropriate journal entry to record the disposition of the equipment. 2. Show calculations
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On March 31,209, Adler Company sold equipment that had a book value of $23,500 for $25,000. The equipment originally cost $55,000 and it is estimated that it would cost $67,000 to replace the equipment. Instructions: 1. Prepare the appropriate journal entry to record the disposition of the equipment. 2. Show calculations 