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Candy Craze purchased and installed a machine on January 1, 2020. at a total cost of $303100. Straight-line depreciation was taken each year for four
Candy Craze purchased and installed a machine on January 1, 2020. at a total cost of $303100. Straight-line depreciation was taken each year for four years, based on the assumption of a seven year life and no residual value. The machine was disposed of on July 1. 2024, during its fifth year of service. Candy Craze's year-end is December 31 Required: Present the entries to record the partial year's depreciation on July 1, 2024 View transaction list Journal entry worksheet
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