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Business, 12.12.2019 01:31 lizzy6629

Cheyenne corporation owns equipment that cost $49,200 when purchased on april 1, 2013. depreciation has been recorded at a rate of $8,200 per year, resulting in a balance in accumulated depreciation of $38,950 at december 31, 2017. the equipment is sold on july 1, 2018, for $9,840. prepare journal entries to
(a) update depreciation for 2018 and
(b) record the sale

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