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Problem 1 - Hayes Company would make the following journal entry when it retired a fully depreciated machine that cost $15,000 and had no salvage

Problem 1

- Hayes Company would make the following journal entry when it retired a fully depreciated machine that cost $15,000 and had no salvage value?

- Assume that a firm retires a machine with a $10,000 original cost and $7,500 of accumulated depreciation. What entry would be recorded?

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