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Problem 10 On October 1, a machine that cost $50,000 was sold for $16,000. The accounting records revealed that accumulated depreciation as of January 1
Problem 10
On October 1, a machine that cost $50,000 was sold for $16,000. The accounting records revealed that accumulated depreciation as of January 1 was $35,000 and annual depreciation is $5,000.
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