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fenix001 [56]
3 years ago
10

ogan Company owns equipment that cost $140,000 when purchased on January 1, 2018. It has been depreciated using the straight-lin

e method based on estimated salvage value of $14,000 and an estimated useful life of 5 year. Prepare Logan Company's journal entries to record the sale of the equipment in five independent situations. Update depreciation on assets disposed of at time of sale.
Business
1 answer:
Anarel [89]3 years ago
5 0
140000x-14000 to at time of sale this is a step to help you
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