Disposal of Assets: Disposal is an activity of selling the worn-out assets that is no longer in need for the business, in return of some consideration. To prepare: The journal entries to record the sale of tractor.

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Chapter 11, Problem 11.5BE

To determine

Disposal of Assets: Disposal is an activity of selling the worn-out assets that is no longer in need for the business, in return of some consideration.

To prepare: The journal entries to record the sale of tractor.

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