2. Abell Aviator Co. owns equipment that costs $150,000, with an accumulated depreciation of $65,000. Abell sells the equipment for cash. Record the journal entry for the sale of the equipment if Abell were to sell the equipment for the following amounts: A. $90,000 cash B. $85,000 cash C. $80,000 cash

2. Abell Aviator Co. owns equipment that costs $150,000, with an accumulated depreciation of $65,000. Abell sells the equipment for cash. Record the journal entry for the sale of the equipment if Abell were to sell the equipment for the following amounts: A. $90,000 cash B. $85,000 cash C. $80,000 cash

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 14PB: Garcia Co. owns equipment that costs $150,000, with accumulated depreciation of $65,000. Garcia...

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