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Business, 14.11.2021 14:40 hannahmyung1113

Pina Corporation owns machinery that cost $ 23,200 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $ 2,784 per year, resulting in a balance in accumulated depreciation of $ 9,744 at December 31, 2020. The machinery is sold on September 1, 2021, for $ 6,032. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale

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Pina Corporation owns machinery that cost $ 23,200 when purchased on July 1, 2017. Depreciation has...
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