Roger Company sold equipment for $15,000 on October 31, 20x8. The equipment originally cost $35,000...
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Roger Company sold equipment for $15,000 on October 31, 20x8. The equipment originally cost $35,000 in 201 and $8,000 was spent on a major overhaul in 206 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $28,000. Instructions: 1. Prepare the appropriate journal entry to record the disposition of the equipment. 2. Show calculations
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