P10-6A Puckett Co. has office furniture that cost $75,000 and that has been depreciated

Price: $3.99

P10-6A Puckett Co. has office furniture that cost $75,000 and that has been depreciated

$50,000. Record the disposal under the following assumptions.

(a) It was scrapped as having no value.

(b) It was sold for $21,000.

(c) It was sold for $31,000