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P10-6B Bobby’s has delivery equipment that cost $40,000 and that has been depreciated

Price: $3.99


P10-6B Bobby’s has delivery equipment that cost $40,000 and that has been depreciated
$26,000. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $29,000.

(c) It was sold for $10,000.

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