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Company A owned machinery which cost $90,000 which had been depreciated $40,000 at the time of its sale. The company sold the machinery for $47.000
Company A owned machinery which cost $90,000 which had been depreciated $40,000 at the time of its sale. The company sold the machinery for $47.000 cash. Prepare the journal entry to record the sale:
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Advanced Management Accounting
Authors: Maurice L. Hirsch Jnr.
2nd Edition
1861526768, 978-1861526762
