Rufina Corp.sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000.The journal entry to record the transaction is:

Name: Rufina Corp.sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000.The journal entry to record the transaction is:
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The Answer of Rufina Corp.sold for $20,000 plant assets that cost $40,000 and that had an accumulated depreciation of $8,000.The journal entry to record the transaction is: