P10-6A Record disposals Ceda Co. has equipment that cost $80,000 and that has been depreciated...
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P10-6A Record disposals Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000. Instructions Record the disposal under the following assumptions. It was scrapped as having no value. (b) It was sold for $21.000. It was sold for $31.000. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) Cost Less: accumulated depreciation Book Value Value Value Journal entry: Account Account Account Value (b) Value Value Cost Less: accumulated depreciation Book Value Sales Proceed Loss on disposal Value Journal entry: Account Account Account Account Value (c) Value Value Cost Less: accumulated depreciation Book Value Sales Proceed Gain on disposal Value Journal entry: Account Account Value Account Account Value Value
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