(a) Sheridan Company retires its delivery equipment, which cost $47,790. Accumulated depreciation is also $47,790...

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Accounting

(a) Sheridan Company retires its delivery equipment, which cost $47,790. Accumulated depreciation is also $47,790 on this delivery equipment. No salvage value is received.
(b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,660 instead of $47,790.
No. Account Titles and Explanation
Debit
Credit
(a) Accumulated Depreciation-Equipment
(b) Accumulated Depreciation-Equipment
Loss on Disposal of Plant Assets
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