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Sale of a Building The Mite Company sold a building for $350,000 that had a book value of $450,000. The building had originally cost the

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Sale of a Building The Mite Company sold a building for $350,000 that had a book value of $450,000. The building had originally cost the company 12,000,000 and had accumulated depreciation to date of $11,550,000. Prepare a journal entry to record the sale of the building General Journal Description Cash Accumulated depreciation Loss on sale Building Credit Debit Ox OX ON 0 O OX Check

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