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Dogit, Inc. sold equipment on December 31, 2022 for $370,500. The equipment originally cost $650,325 and had accumulated depreciation of $248,820 at the end of
Dogit, Inc. sold equipment on December 31, 2022 for $370,500. The equipment originally cost $650,325 and had accumulated depreciation of $248,820 at the end of 2021. Deprecation on the machine during 2022 was $62,205. The salvage value is estimated to be $28,275.
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
