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need a brief answer RoboCop Company paid $31,400 for a machine that was expected to last 5 years and have a residual value of $5,000.

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need a brief answer

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RoboCop Company paid $31,400 for a machine that was expected to last 5 years and have a residual value of $5,000. During the fourth year of the machine's life, $5,400 was paid for repairs that were expected to increase the service life of the machine from 5 to 7 years. Prepare the general journal entry to record this transaction. Your

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