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e) During the year, holmes inc. sold plant and equipment for $35 million in cash. These assets were originally bought 6 years ago for $50

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e) During the year, holmes inc. sold plant and equipment for $35 million in cash. These assets were originally bought 6 years ago for $50 million and were expected to last 10 years after which they were expected to be sold for 11 million. Show the journal entry for recording this transaction assuming aight line method of depreciation

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