On June 30, 2018, F&R Company decided to scrap a piece of machinery with an original cost of $55,000 and accumulated depreciation (brought up to the date of the disposal) of $42,400. The company paid $750 to have the asset picked up and brought to a recycling facility for proper disposal. Record the journal entry for the disposal

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The Answer of On June 30, 2018, F&R Company decided to scrap a piece of machinery with an original cost of $55,000 and accumulated depreciation (brought up to the date of the disposal) of $42,400. The company paid $750 to have the asset picked up and brought to a recycling facility for proper disposal. Record the journal entry for the disposal

On June 30, 2018, F&R Company Decided to Scrap a Piece