(Answered) Prepare journal entries to record the followingsound

Accounting

Prepare journal entries to record the following:

Sound Tracker Company retires its delivery equipment, which cost $50,000. Accumulated depreciation is $37,000, on the delivery equipment.

Sound Tracker Company retires its delivery equipment, which cost $50,000. Accumulated depreciation is also $50,000 on this delivery equipment. No salvage value is received.

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