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hi, i need help pleaseee Practice 8.5 - Lupe Co. purchases a new machine for $35,000 on 1/1/20XI. The new machine has a $5,000 residual
hi, i need help pleaseee 
Practice 8.5 - Lupe Co. purchases a new machine for $35,000 on 1/1/20XI. The new machine has a $5,000 residual value and an expected life of 5 years. Lupe sells the machine on 4/30/205 for $7,000. Record the journal entries required on 4/30/X5 assuming Lupe uses the straight-line method of depreciation and hasn't made any adjusting entries in 20X5 Step by Step Solution
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
