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1) Make the entries related to the purchase by credit Debit Credit Account description Amount 2) Make the entries related to the depreciation as

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1) Make the entries related to the purchase by credit Debit Credit Account description Amount 2) Make the entries related to the depreciation as of the closing Debit Credit 3) Make the entries related to the sale of the asset (price $ 100) as of Dec 31st Debit Credit Debit Debit Credit

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