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November 24, 2014

Homework Help: acct

Posted by r on Sunday, June 24, 2012 at 8:27am.

Assume that equipment with a balance in the equipment account of $7,200 is discarded. The balance in the Accumulated Depreciation account is $4,900. Cash is received for the equipment totaling $2,600. Please give the journal entry to record the write-off of equipment discarded.

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