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13 Razor Company has decided to sell one of its old machines on December 31, 2017. The machine was purchased for $99,000, and the accumulated
13 Razor Company has decided to sell one of its old machines on December 31, 2017. The machine was purchased for $99,000, and the accumulated depreciation was $ 51,000. If the machine was sold for $21,000, what was the amount of the gain or loss recorded at the time of the sale? d out of question Select one: O a. $14,000. O b. $90,000 C. $36,000 O d. The answer does not exist e. $54,000 on 14 By the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $12,000. If the balance of the Allowance for Doubtful Accounts is $2,500 credit before adjustment, what is the amount of bad debt expense for that period? ed i out of Select one: a. The answer does not exist eg question o b. $9,500 o C. $2,500 d. $12,000 e. $14,500
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