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I) Company P sold a half-depreciated asset with an original cost of $40,000 and annual depreciation of $4,000 to company S for $9,000. Company S

I) Company P sold a half-depreciated asset with an original cost of $40,000 and annual depreciation of $4,000 to company S for $9,000. Company S recognized $1,500 in depreciation expense on the asset...

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