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Capital Corp has a machine with the following information at Dec 31, 2020: Cost $20,000, residual value $3,000, accumulated depreciation $12,750, useful life 8 years.

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Capital Corp has a machine with the following information at Dec 31, 2020: Cost $20,000, residual value $3,000, accumulated depreciation $12,750, useful life 8 years. They use straight-line depreciation On June 30, 2021, they sold the machine for $4,500. A) in the space provided, prepare the journal entry required for the sale. B) how many years + months did they own the equipment when it was sold

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