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Business, 05.07.2020 05:01 maddy6882

On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $219,818.00 with an accumulated depreciation of $197,836.20. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal. Select the correct answer.

Equipment Cr. $219,818.00

Loss on Disposal of Asset Dr. $197,836.20

Accumulated Depreciation Dr. $219,818.00

Gain on Disposal of Asset Cr. $21,981.80

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On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of...
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