Equipment costing 37450 with a book value of 18410 is sold, Ask an Expert

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Equipment costing $37,450 with a book value of $18,410 is sold for $20,000. The journal to record the sale will include a :

debit to cash for $18,410.

debit to accumulated depreciation for $18,410.

debit to gain on sale of equipment for $1,590.

debit to accumulated depreciation for $19,040.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91977638

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