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Garcia Company owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale...

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Accounting

Garcia Company owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,000 cash, (2) $36,000 cash, and (3) $31,000 cash

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