Riodan Company sold old equipment for $25,000. The equipment had a cost of $50,000 and...
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Accounting
Riodan Company sold old equipment for $25,000. The equipment had a cost of $50,000 and accumulated depreciation of $30,000. The entry to record the sale of the equipment would include
loss on disposal of $25,000.
gain on disposal of $25,000.
loss on disposal of $5,000.
gain on disposal of $5,000.
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