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A company purchased machiney for $55,000 (with no residual value) with a life time of five years. Due to change in technology, it sold this
A company purchased machiney for $55,000 (with no residual value) with a life time of five years. Due to change in technology, it sold this machinery for $20,000 at the end of year three. Prepare depreciation schedule and provide entry for the sale of machinery. Use stratightline
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