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Grouper Corporation owns machinery that cost $ 2 3 , 6 0 0 when purchased on January 1 , 2 0 2 3 . Depreciation

Grouper Corporation owns machinery that cost $23,600 when purchased on January 1,2023. Depreciation has been recorded at a
rate of $3,540 per year, resulting in a balance in accumulated depreciation of $7,080 at December 31,2024. The machinery is sold on
September 1,2025, for $16,260.
(a)
Prepare the journal entry to update depreciation for 2025.(Credit account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry
before credit entry.)
Date Account Titles and Explanation
Debit
Credit
September
1,2025
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