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Jan 1 Received $2,500 scrap value on retirement of machinery that was purchased on January 1, 2008. the machine cost $85,000 on that date and

Jan 1 Received $2,500 scrap value on retirement of machinery that was purchased on January 1, 2008. the machine cost $85,000 on that date and had an esti=mated useful life of 9 years with no residual value.

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