Ceda Co. has equipment that cost $77,400 and that has been depreciated $50,300.
Record the disposal under the following assumptions.
(a)It was scrapped as having no value.(b)It was sold for $24,100.(c)It was sold for $28,200.
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)
Account Titles and Explanation