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uestion 9 3 points In a situation where a company sold equipment with an original cost of $50,000 and accumulated depreciatio
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Answer #1
The jouunal entry to record the sale is:
Debit Credit
Cash 20000
Accumulated Depreciation 35000
        Equipment 50000
        Gain on sale of Equipment 5000
Debit Accumulated Depreciation $35,000 is correct option
Option C is correct
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