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3. Selling PPE: On December 31, 2022, Company ABC sells its machinery. Make the appropriate journal entry for this sale based off the following information

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3. Selling PPE: On December 31, 2022, Company ABC sells its machinery. Make the appropriate journal entry for this sale based off the following information ( 3 points): a. The machinery originally cost $53,200 b. The machinery had an accumulated depreciation of $49,100 (as of December 31 , 2022) c. The machinery was sold for $2,750 cash

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