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Several years ago, Belgen, Inc. purchased a computer costing $180,000, for which total depreciation of $140,000 has been recorded. Assuming that the computer is sold
Several years ago, Belgen, Inc. purchased a computer costing $180,000, for which total depreciation of $140,000 has been recorded. Assuming that the computer is sold for $60,000 cash, the proper entry to record the sale is:
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