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Computer Equipment (Office Equipment)purchased 6 1/2 Years Ago for $170,000,with

Question 60

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Computer equipment (office equipment)purchased 6 1/2 years ago for $170,000,with an estimated life of 8 years and a residual value of $10,000,is now sold for $60,000 cash.(Appropriate entries for depreciation had been made for the first six years of use. )Journalize the following entries:
Computer equipment (office equipment)purchased 6 1/2 years ago for $170,000,with an estimated life of 8 years and a residual value of $10,000,is now sold for $60,000 cash.(Appropriate entries for depreciation had been made for the first six years of use. )Journalize the following entries:

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