An asset with a historical cost of $14,725 and accumulated depreciation of $10,000 was discarded, having no market value. How mu
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The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.
<h3>What is a trial balance?</h3>A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.
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Hence, the concept of trial balance has been explained above.
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