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Chuck's Timber Mill sold two machines in 2016. The following information pertains to the two machines: Required: (a) Calculate the depreciation on each machine to

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Chuck's Timber Mill sold two machines in 2016. The following information pertains to the two machines: Required: (a) Calculate the depreciation on each machine to the date of disposal. The financial year ends 31 December. (b) Prepare the journal entries in 2016 to record 2016 depreciation and the sale of each machine

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