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Business, 16.03.2022 02:00 dragon2565

On April 1, 2021, Part Year Co. sells equipment that originally cost $100,000 for $30,000 in cash. The asset had a useful life of 10 years and no salvage value. The equipment has $80,000 of accumulated depreciation as of Dec 31, 2020. In the journal entry to recognize the sale and receipt of cash, how much total accumulated depreciation does Part Year debit?

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On April 1, 2021, Part Year Co. sells equipment that originally cost $100,000 for $30,000 in cash. T...
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