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Indigo Company has an old factory machine that cost $69.250. The machine has accumulated depreciation of $38, 780. Indigo has decided to sell the machine.

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Indigo Company has an old factory machine that cost $69.250. The machine has accumulated depreciation of $38, 780. Indigo has decided to sell the machine. (a) What entry would indigo make to record the sale of the machine for $34, 62s cash? (b) What entry would Indigo make to record the sale of the machine for $20, 775 cash

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