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Machine account shows 700 and account depreciation 600 1) Find book value 2) Throw it out the window 3) Sell it for 100 4) Sell
Machine account shows 700 and account depreciation 600
1) Find book value
2) Throw it out the window
3) Sell it for 100
4) Sell it for 105
5) Sell it for 98
For parts 2-5 find the gain or loss
6) What do we DR or CR for gains?
7) What do we DR or CR for losses?
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