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On , April 1 , 2 0 2 0 , S . Products Co . purchased new machinery for $ 4 5 0 , 0
On April S Products Co purchased new machinery for $ The machinery has an estimated useful life of eight years and salvage value. The company computed the depreciation by the double declining method in the company decided to exchange its machinery with new one, in that date the old machine fair market value estimated to $ The company will pay $ and the old machine to get the new one no commercial substances The new machine will depreciate on sumoftheyears'digits method with estimated salvage value and four years estimated useful life. In the company decided to disposal the machine through donated to local association. The company financial is calendar year. Required: Journalize all entries required for the machine from
On April S Products Co purchased new machinery for $ The machinery has an estimated useful life of eight years and salvage value. The company computed the depreciation by the double declining method in the company decided to exchange its machinery with new one, in that date the old machine fair market value estimated to $ The company will pay $ and the old machine to get the new one no commercial substances The new machine will depreciate on sumoftheyears'digits method with estimated salvage value and four years estimated useful life. In the company decided to disposal the machine through donated to local association. The company financial is calendar year.
Required: Journalize all entries required for the machine from
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