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Pekos Yo Company purchased a machine for $200,000 in cash on April 1.20x1.The machine has an estimated use of 6 years and an estimated of

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Pekos Yo Company purchased a machine for $200,000 in cash on April 1.20x1.The machine has an estimated use of 6 years and an estimated of $20.000 Pokos Yo Company uses the straight-line method for computing depreciation expense Which ONE of the following is included in the journal entry necessary to record the sale of the machine for $160,000 cash at the end of 20X2 Note: The sale takes place after the recording of Depreciation Experise for 20x2. O A CREDIT to Gain on Sale of Machine for $12.500 A CREDIT to Accumulated Depreciation for $52.500 A DEBIT to Accumulated Depreciation for $60.000 ACREDIT to Gain on sale of Machine for $20.000 A DEBIT to Lors on Sale of Machine for $12.500 A DEBIT to Gain on Sale of Machine for $12.500 O A CREDIT to Machine for $180,000 A CREDIT to Gain on Sale of Machine for $32.500

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