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Question 2 (8 Marks) On January 1, 2018 ivana Berich purchased a cash machine at a cost of $50,000The machine had a useful life of

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Question 2 (8 Marks) On January 1, 2018 ivana Berich purchased a cash machine at a cost of $50,000The machine had a useful life of 8 years and a residual value of $2.000 Ivana had a December fiscal year end uses the straight line depreciation method and normally only posts depreciation at the year end Required: Ivana sold the machine on July 1, 2021 for $20.000 cash. Prepare the Journal entrycie) at the date of sale

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