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Business, 26.12.2020 18:00 maderaada

Anderson Company sold a piece of equipment for $36,500 cash on December 31 (after recording the annual depreciation entry for the asset). The equipment had an original cost of $97,500 and accumulated depreciation at the time of the sale was $63,000. Prepare the journal entry to record JUST the sale (disposal) of the asset (depreciation entry has already been made).

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Anderson Company sold a piece of equipment for $36,500 cash on December 31 (after recording the annu...
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