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Presented below is information related to Morrow Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $60,345 $8,195 10 B 50,064 7,152 9
Presented below is information related to Morrow Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $60,345 $8,195 10 B 50,064 7,152 9 C 53,640 5,364 8 D 28,310 2,235 7 E 35,015 3,725 6 Prepare the entry to record the sale of fixed asset D for cash of $7,152. It was used for 6 years, and depreciation was entered under the composite method
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