Equipment acquired at a cost of $126,000 has a book value of $42,000.Journalize the disposal of the equipment under the following independent assumptions.
Journal
Definitions:
Defense Mechanism
Psychological strategies used unconsciously by individuals to protect themselves from anxiety or guilt by denying or distorting reality.
Rationalization
A psychological strategy where disputable actions or emotions are rationalized in an ostensibly logical way to evade acknowledging their real reasons.
Freud
Sigmund Freud, an Austrian neurologist and the founding father of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.
Self-Transcendence
A psychological or philosophical perspective involving the overcoming of the limits of the individual self and the pursuit of broader significance in life.
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