Garcia Co. owns equipment that cost $82,400, with accumulated depreciation of $43,600. Garcia sells the equipment for cash.
Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $51,200 cash, (2) $38,800 cash, and (3) $33,700 cash.
1. Record the sales for 512000 cash2. record the sale of 38800 cash3. record the sale 33700