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Mathematics, 16.10.2020 03:01 michneidredep7427

Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $25,000 cash; (b) it is sold for $100,000 cash; and (c) it is destroyed in a fire and the insurance company pays $35,500 cash to settle the loss claim. explain how you found the accumulated depreciation and loss on sale of machinery

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