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Appott Technologies Recently Sold Some Equipment for $6,800 Cash

Question 111

Multiple Choice

Appott Technologies recently sold some equipment for $6,800 cash.The equipment cost $23,000 and had accumulated depreciation through the date of sale totaling $17,250.The journal entry to record the sale of the equipment will include a


A) credit to accumulated depreciation of $17,250.
B) credit to equipment for $5,750.
C) debit to gain on sale of equipment for $1,050.
D) credit to gain on sale of equipment for $1,050.
E) debit to depreciation expense for $17,250.

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