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rint Item Instructions Chart of Accounts General Journal 3 Instructions On April 1, 2020, an uninsured machine was totally destroyed in an accident at
rint Item Instructions Chart of Accounts General Journal 3 Instructions On April 1, 2020, an uninsured machine was totally destroyed in an accident at Rogers manufacturing plant. The machine had been acquired on January 1, 2017, at a cost of $70,000. It was expected to have a useful life of seven years and a residual value of $7,000. Rogers depreciates machines using the straight-line method and computes depreciation to the nearest whole month No depreciation has been recorded in 2020. Required: Record the 2020 depreciation expense and the disposal of the machine General Journal DATE ACCOUNT TITLE GENERAL JOURNAL PAGE 10 POST REF DEBIT CREDIT
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