Business, 18.01.2021 21:00 linaaaaa7

Pina Colada Corporation owns equipment that cost $57,600 when purchased on April 1, 2013. Depreciation has been recorded at a rate of $9,600 per year, resulting in a balance in accumulated depreciation of $45,600 at December 31, 2017. The equipment is sold on July 1, 2018, for $11,520. Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale. (

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Pina Colada Corporation owns equipment that cost $57,600 when purchased on April 1, 2013. Depreciati...

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