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5. XYZ Co. sold its machinery for $130,000 which has a historical cost of $270,000 and accumulated depreciation of $ 180,000 on Aug.1, 2022. Make

5. XYZ Co. sold its machinery for $130,000 which has a historical cost of $270,000 and accumulated depreciation of \$ 180,000 on Aug.1, 2022. Make necessary journal entry

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