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On January 2, 2023, Direct Shoes Inc. disposed of a machine that cost $90,000 and had been depreciated $48,850. Present the journal entries to record

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On January 2, 2023, Direct Shoes Inc. disposed of a machine that cost $90,000 and had been depreciated $48,850. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $38,500 cash. Journal entry worksheet Note: Enter debits before credits

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