Below is information related to a piece of equipment that Thrawn Enterprises disposed of in...
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Accounting
| Below is information related to a piece of equipment that Thrawn Enterprises disposed of in 20X1. | |||||
| Original acquisition price | Accumulated depreciation | Expected useful life at acquisition (in years) | Expected salvage value | Disposal Price | |
| $ 444,070 | $ 209,880 | 15 | $ 24,310 | $ 265,612 | |
| 1) | Prepare the journal entry that Thrawn Enterprises would record on the sale of the equipment for $265,612 in cash. Be sure to use cell references to calculate your answer, and input all debit entries before credit entries. If a cell should not be used, then leave it blank. | ||||
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