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Company management decided to discard a machine. The machine cost $125,000, had accumulated depreciation of $125, 000 , and was scrapped as junk. The machine
Company management decided to discard a machine. The machine cost $125,000, had accumulated depreciation of $125, 000 , and was scrapped as junk. The machine was depreciated on a straight-line basis, with a useful life of 5 years, and a $10,000 salvage value. What journal entry is required to record the disposal of this machine
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