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On 1 / 1 / 2 0 , Macho Corp. pays $ 1 0 , 0 0 0 cash for a machine. The salvage value
On Macho Corp. pays $ cash for a machine. The salvage value of the machine is $ The estimated useful life of the machine is years. Macho depreciates the machine using the decliningbalance method and uses the halfyear convention and adjusts its books annually Record the purchase Prepare the AJE at December
Prepare the AJE at December Prepare the AJE at December
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