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On January 2, 2015, Bering Co. disposes of a machine costing $32,700 with accumulated depreciation of $17,615. Prepare the entries to record the disposal under

On January 2, 2015, Bering Co. disposes of a machine costing $32,700 with accumulated depreciation of $17,615. Prepare the entries to record the disposal under each of the following separate assumptions

1.	The machine is sold for $12,652 cash.

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