assume that smart hardware sold the old shelving that was being replaced. The old shelving had originally cost $9,000. Its book value at the time of the sale was $400. Record the sale of the old shelving under the following conditions:

1. The shelving was sold for $1,1200 cash.

2. The shelving was sold for $200 cash.

assume that smart hardware sold the old shelving that was being replaced. The old shelving had originally cost $9,000. Its book value at the time of the sale was $400. Record the sale of the old shelving under the following conditions:

1. The shelving was sold for $1,1200 cash.

2. The shelving was sold for $200 cash.

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