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7. Company S purchases a machine for RO 10000 on 1 January 2015. The machine is expected to have a 10-year life and no salvage

7. Company S purchases a machine for RO 10000 on 1 January 2015. The machine is expected to have a 10-year life and no salvage value (Accumulated Depreciation is RO 4000). Prepare the journal entry for each of the following independent cases involving the machine's disposal on 1 January 2019. a) The machine is sold for RO 6000 b) The machine is sold for RO 5200 c) The machine is sold for RO 6400 d) The machine is abandoned

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