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- Oct 15, 2014
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June 10:
Sold obsolete store equipment for $630 cash. Original cost $2105 and depreciation to March 31 of this year (end of 1st quarter) totals $1200. The asset depreciates on a SL basis at a rate of $40 per month and depreciation is calculated to the nearest month. (2 entries required)
Sold obsolete store equipment for $630 cash. Original cost $2105 and depreciation to March 31 of this year (end of 1st quarter) totals $1200. The asset depreciates on a SL basis at a rate of $40 per month and depreciation is calculated to the nearest month. (2 entries required)