If we have an asset, lets say it is a building that we purchased for $100,000 to use in our business, under the course of use, we have accumulated depreciation of $25,000 and then we decide to sell the building and we receive $80,000 for the sale, what would need to happen in the journal entry and why?
- RECOMMENDED!!ACC 317-Summarize the major benefits of forming a corporation
- RECOMMENDED!!ACCT 324-Drab Corporation, a calendar year S corporation,
- RECOMMENDED!!QNT 561 BUSSINESS-To prepare the statement of cash flows, accountants for Vinson
- RECOMMENDED!!MBA 641-Glass company manufactures glasses that it sells
- RECOMMENDED!!ACCT 151-Trego Company issued, on December 31, 2018