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8. Company T purchased a machine on 1 January 2016 for RO 10000. The machine has a 9- year life with a RO 1000 salvage

8. Company T purchased a machine on 1 January 2016 for RO 10000. The machine has a 9- year life with a RO 1000 salvage value. On 1 July 2019, the machine is disposed of. Prepare an entry if the disposal price is RO 6700. Accumulated Depreciation is RO 3500

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