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Mathematics, 18.11.2020 08:50 gisellekarime
Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2012. It has been depreciated using the straight-line method based on an estimated salvage value of $5,000 and an estimated useful life of 5 years. InstructionsPrepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $31,000 on January 1, 2015. (b) Sold for $31,000 on May 1, 2015. (c) Sold for $11,000 on January 1, 2015. (d) Sold for $11,000 on October 1, 2015
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Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2012. It has been deprec...
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