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Posted on Jul 21, 2024

On January 1 , 2 0 2 1 , Dunbar Echo Company sells a machine for $ 2 6 , 0 0 0 . The

On January

1, 2021,

Dunbar Echo Company sells a machine for $

26, 000 .

The machine was originally purchased on January

1, 2019

for $

47, 200 .

The machine was estimated to have a useful life of

5

years and a residual value of $

0 .

Dunbar Echo uses straight

-

line depreciation. In recording this transaction:

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