Equipment costing $37,450 with a book value of $18,410 is sold for $20,000. The journal to record the sale will include a :
A) debit to cash for $18,410.
B) debit to accumulated depreciation for $18,410.
C) debit to gain on sale of equipment for $1,590.
D) debit to accumulated depreciation for $19,040.
Correct Answer:
Verified
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