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On July 1, 2012, Fleming Company sells machinery for $96000. The machinery originally cost $240000, had an estimated 5-year life and an expected salvage value
On July 1, 2012, Fleming Company sells machinery for $96000. The machinery originally cost $240000, had an estimated 5-year life and an expected salvage value of $40000. The accumulated depreciation account had a balance of $140000 on January 1,2012, using the stra
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