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On January 1,2025 , the Accumulated Deprecation-Machinery account of a particular company showed a balance of $1470000. At the end of 2025, after the adjusting
On January 1,2025 , the Accumulated Deprecation-Machinery account of a particular company showed a balance of $1470000. At the end of 2025, after the adjusting entries were posted, it showed a balance of $1590000. In 2025 , one of the machines which cost $505000 was sold for $241000 cash. This resulted in a loss of $16300. As5uming that no other assets were disposed of during the year, how much was depreciation expense for 2025 ? $367700$241000$400300$120000
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