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The correct remedy can be a. Acquire/loss on sale from the asset and B. Sales Cash flow. When a corporation disposes of the asset, the associated accounts are utilized to file the transaction.
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The account that may be utilized to record the sale of assets Any further is Gain/decline on asset sale and Gross sales Income. The accounts Get the facts that should be used to doc the disposal of property are as follows: Obtain/loss on asset sale and Profits Earnings.
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