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Question 3 Question 3 Zimmer Company sold the following machine in 2014: Machine Cost $80,000 Purchase date 1/1/2012 Useful life 4 years Salvage value $4,000

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Question 3 Zimmer Company sold the following machine in 2014: Machine Cost $80,000 Purchase date 1/1/2012 Useful life 4 years Salvage value $4,000 Depreciation method Straight Line Method Date sold 1/10/2014 Sales price $28,000 Instructions Journalize the entry required to record the sale of this asset in 2014. Date Account Debit Credit

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